UBS CEO Warns Against Overestimating Federal Reserve Rate Cuts
Sergio Ermotti, the CEO of Swiss banking giant UBS, has cautioned investors who believe that the U.S. Federal Reserve may implement sharp interest rate cuts in their upcoming policy meeting. "I think the market seems to be a little bit too ahead of the curve in expecting the Fed to go so aggressively," Ermotti stated during an interview on CNBC's "Squawk Box Asia."
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