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【CNBC】UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

【CNBC】UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

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  • UBS sees slower growth, rising unemployment and disinflation to lead the Fed to cut its benchmark rate to a target range ending the year between 2.50% and 2.75%.
  • Arend Kapteyn, UBS global head of economics and strategy research, told CNBC on Tuesday that the starting conditions are “much worse now than 12 months ago,” particularly in the form of the “historically large” amount of credit that is being withdrawn from the U.S. economy.

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