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UBS Group CEO: The market's expectation for a rate cut by the Federal Reserve is too aggressive, optimistic about the USA's economy achieving a soft landing.
UBS Group CEO said on Thursday that the fight against inflation is not over yet, and some investors seem to be overly optimistic about the possibility of a significant interest rate cut by the Federal Reserve this month.
The US stock market is worried about inflation and there may be a storm tonight!
The analyst pointed out that the employment market will continue to be a factor, and the possibility of a 50 basis point rate cut no longer exists.
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