Rate cuts will help achieve a soft landing: UBS
investing.com -- UBS Financial Services in a note dated Monday maintains its outlook that the U.S. economy is on track for a soft landing, but flags that the risks of a downturn are still significant.
Historically, such an increase has been associated with economic downturns. However, UBS suggests that this time could be different, noting that the labor market, while no longer as overheated as it was two years ago, remains strong by historical standards. Despite this, recent retail sales data for June and July have been stronger than expected, providing some reassurance that the economic recovery is still on track.
Inflation has been a central concern for both the Federal Reserve and financial markets. According to UBS, inflation trends have shown some encouraging signs recently.
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