The post How Many Rate Cuts Will There Be For The Rest Of The Year? UBS Analyst’s Forecast Contradicts FED’s Announcements appeared on BitcoinEthereumNews.com.

UBS senior US equity strategist Nadia Lovell recently appeared on CNBC’s ‘Squawk Box’ to discuss the latest market trends and what it will take to move the market higher. Heading into the second half of the year, Lovell expects the market to remain on an upward trend, although not to the magnitude of the 14%-plus growth in the first half. Lovell believes the upcoming earnings report season will be crucial to pushing the market higher, given that valuations are currently stretched. Interestingly, Lovell’s market thesis relies on two rate cuts this calendar year, starting in September. However, he explained that the market does not need these reductions to rise, as evidenced by the market’s performance in the first half of the year. Lovell believes earnings reports will be the primary driver of market growth. According to the analyst, former President Trump’s proposed 10% general tariff and 60% tariff on imports from China could have effects on companies and inflation. While it could benefit industries that are more exposed to competition from China, it could also be a hurdle for those with supply chains abroad. The next Federal Open Market Committee (FOMC) meeting will be held on July 30-31, 2024. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/how-many-rate-cuts-will-there-be-for-the-rest-of-the-year-ubs-analysts-forecast-contradicts-feds-announcements/

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Filed under: News - @ July 2, 2024 4:20 pm