UBS: Federal Reserve policy shift "coming soon"

JIN10
2024.07.28 23:03
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UBS expects the U.S. economy to continue towards a soft landing. Currently, the economy has entered a period of low-trend growth, with growth slowing to a moderate level. The steady rise in the unemployment rate is also consistent with below-trend economic growth. There are no signs indicating an imminent hard landing for the U.S. economy. At the same time, the general anti-inflation process has been completed. UBS believes that a policy shift by the Federal Reserve is imminent, with the basic prediction being the first rate cut of 25 basis points in September