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According to ChainCatcher, as reported by Jinshi, UBS stated that the current market sentiment aligns with the bank's base forecast that tariffs will be reduced from the currently announced levels by the end of this year, and the Federal Reserve will further cut rates this year. However, due to the persistent uncertainties in trade, economy, and Fed policies, volatility is expected to remain high. Nonetheless, UBS believes the U.S. stock market is attractive, maintaining the S&P 500 year-end target at 5800 points. UBS's current base forecast is for the Fed to cut rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility seems more limited as it must balance concerns over economic growth with the risk of inflation recovery.