UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Can anyone argue for rate cuts?'
18 Jul 2025
After this week’s events, the question is whether anyone can advocate for US rate cuts without being seen as a political puppet? Yesterday, Federal Reserve Governor Waller offered some (debatable, but valid) economic points in favor of US rate cuts, but the position is politically tainted. The problem for the Fed and markets is that the US administration’s policy continues to create considerable uncertainty about the economic outlook.
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