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UBS CEO Sergio Ermotti has been cautious about the potential for a U.S. economic recession, despite recent market turmoil. While acknowledging the possibility of a slowdown, Ermotti stressed the need for greater clarity on macroeconomic indicators before definitively predicting a recession.
The banking giant expects more market volatility in the coming months, driven by factors such as the U.S. presidential election and ongoing geopolitical tensions. The Federal Reserve’s monetary policy path also remains a key uncertainty, with UBS expecting a rate cut of at least 50 basis points this year.
As the global economy faces these challenges, investors must prepare for potential market fluctuations.
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