UBS: The Federal Reserve will continue to support the US stock market, targeting the S&P 500 index at 7,700 points

According to Jinshi News, UBS reiterated its target of 7,700 points for the S&P 500 index in a report released on Wednesday, believing that a strong macro backdrop will boost the U.S. stock market. UBS Chief Investment Officer and Global Head of Equities Ulrike Hoffmann-Burchardi stated that the Federal Reserve is likely to continue cutting interest rates in the future, although it is expected to hit the pause button in today's easing cycle. She pointed out that as more evidence of a weakening U.S. labor market emerges and inflation remains controlled, the Federal Reserve may be able to further lower interest rates.