UBS Anticipates a ‘Renewed Fall’ in U.S. Inflation
UBS, a global financial services firm, is predicting a decline in U.S. inflation in the coming months. The firm anticipates that upcoming inflation data, starting with April’s Consumer Price Index (CPI) release next week, will show a trend towards lower inflation. This prediction is based on recent data indicating moderating housing costs and lower consumer spending in the future.
Solita Marcelli, a representative from UBS, stated, “We expect a renewed fall in U.S. inflation in the coming months.” The firm believes that inflation will start heading back towards the Federal Reserve’s 2% target in the near future.
This news comes at a time when investor concerns about rising inflation have put pressure on the stock market. However, UBS remains optimistic about the future trajectory of inflation in the U.S. economy.
Stay tuned for the release of April’s CPI data next week to see if UBS’s prediction holds true.
