Story perspectives

UBS CEO Warns Tariffs Complicate Fed Rate Predictions

9/12/2025

43 6

Summary

Story summary

UBS Group CEO Sergio Ermotti noted the unclear impact of global tariffs on the U.S. economy, complicating Federal Reserve policy predictions.
He stressed the importance of evaluating tariffs' potential inflationary effects on consumers.
Investment banks forecast three 25-basis point interest rate cuts by year-end, with one expected after the Fed meeting on September 16-17.
Ermotti described a bifurcated global economy influenced by technology and traditional sectors.
He reaffirmed UBS's commitment to its Swiss presence and completing the Credit Suisse integration by next year.

1 of 1

Story summary

UBS Group CEO Sergio Ermotti noted the unclear impact of global tariffs on the U.S. economy, complicating Federal Reserve policy predictions.
He stressed the importance of evaluating tariffs' potential inflationary effects on consumers.
Investment banks forecast three 25-basis point interest rate cuts by year-end, with one expected after the Fed meeting on September 16-17.
Ermotti described a bifurcated global economy influenced by technology and traditional sectors.
He reaffirmed UBS's commitment to its Swiss presence and completing the Credit Suisse integration by next year.