Analysts weigh in on market selloff
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US economy will avoid recession; Fed to cut rates by 100 bps by year-end: UBS
August 5, 2024 10:51 AM EDTUBS analysts are confident that the US economy will achieve a soft landing, despite recent weaker-than-expected economic data.
UBS states that "recent data on both inflation and the labor market has surprised to the downside," prompting the firm to adjust its forecast for Federal Reserve rate cuts.
Following disappointing labor market reports for July, including nonfarm payrolls rising by just... More
