UBS: The market is betting on Trump and the Federal Reserve to rescue the market, and the S&P 500 index's year-end target is 5,800 points

Odaily News UBS said that current market thinking is consistent with the bank's basic forecast that tariffs will be reduced from currently announced levels over the rest of the year, and the Federal Reserve will further cut interest rates this year. However, as uncertainty in trade, the economy and Fed policy remains high, expected volatility also remains high. However, UBS believes that the US stock market is attractive, and the S&P 500 index target continues to be 5,800 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 because it must balance concerns about economic growth with the risk of a recovery in inflation. (Jinshi)