Investors expecting an aggressive Fed cut are getting too 'ahead of the curve,' UBS CEO says
UBS(UBS) CNBC·2024-09-12 11:46
The CEO of Swiss banking giant UBS said Thursday that the fight against inflation isn't over yet, and some investors seem to be getting too ahead of themselves in expecting that the U.S. Federal Reserve could pull an aggressive rate cut this month."I think the market seems to be a little bit too ahead of the curve in expecting the Fed to go so aggressively," Sergio Ermotti, Group CEO of UBS Group AG, told CNBC's "Squawk Box Asia."The question of whether the Fed will lower rates at the end of its next polic ...