Odaily Planet Daily reported that UBS stated that the current market sentiment is consistent with the bank's basic forecast, which is that tariffs will be reduced from the currently announced levels for the rest of this year, and the Federal Reserve will further cut interest rates this year. However, due to high uncertainty in trade, economy, and Federal Reserve policies, expected volatility remains high. However, UBS believes that the US stock market is attractive, and the target for the S&P 500 index is to continue at 5800 points by the end of the year. UBS's current basic forecast is that the Federal Reserve will cut interest rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility seems more limited as it must strike a balance between economic growth concerns and inflation recovery risks. (Golden Ten)
