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☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.
▼ + stars: | 2023-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are 10 projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. FebruaryIn August, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: —, Preston Caldwell, Arend Kapteyn, Bhanu Baweja, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, we'll, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Morningstar, UBS, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: North America's

☆ Now that inflation is slowing, here's when 10 experts think we'll see a recession
▼ + stars: | 2023-11-16 | by ( Jacob Zinkula | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

High interest rates could slow consumer spending and lead to layoffs. Since March 2022, the Federal Reserve has hiked interest rates 10 consecutive times to fight inflation as the country emerged from its pandemic recovery. Here's how experts are feeling about the economy headed into the new year, and whether they think a recession is on the horizon. Some think a recession is likely in 2024Some experts predict high interest rates will take a toll on the economy, making a recession likely sometime next year. AdvertisementOthers think a recession is unlikely in 2024Other experts don't see a recession hitting the US economy in the next year.

Persons: —, Janet Yellen, Jerome Powell, he's, Ken Griffin, we're, Griffin, Arend Kapteyn, Bhanu Baweja, Marc Lasry, Lasry, Rob Arnott, Jeffrey Gundlach, Bill Adams, Raphael Bostic, Brian Moynihan, Goldman Sachs, Jan Hatzius, Goldman, Hatzius Organizations: Service, Federal Reserve, Bloomberg, Citadel, UBS, Capital, National Bureau of Economic Research, CNBC, DoubleLine, Comerica Bank, Atlanta Federal Reserve, UCLA, Bank of America, Reuters Locations: United States, Dallas, Atlanta

☆ Recession will hit the US in 2024 – so get ready for massive interest-rate cuts, UBS says
▼ + stars: | 2023-11-14 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The Federal Reserve will slash interest rates by an eye-popping 275 basis points next year, according to UBS. UBS expects a mid-2024 recession to encourage the central bank to start easing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy will slip into recession next year – and that'll lead to the Federal Reserve bringing in steep interest-rate cuts, according to one top European bank. The Fed's cuts would be "a response to the forecasted US recession in Q2-Q3 2024 and the ongoing slowdown in both headline and core inflation," UBS added.

Persons: That's, —, it's, Arend Kapteyn, Bhanu Baweja, UBS's, Jason Draho Organizations: Federal, UBS, Service, Federal Reserve, Fed

☆ The unlikely love affair between Australia and Bollywood
▼ + stars: | 2023-08-19 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +11 min

CNN —It is the kind of unlikely love story that would make the scriptwriters of Asia’s biggest movie business proud. Film & Casting TempleHarman Baweja starred alongside Priyanka Chopra in “Love Story 2050,” shot in South Australia and released in 2008. “Australia realized that after ‘servicing’ Bollywood for over 13 years it was time to shift gears and move to collaboration with Indian cinema,” said Sharma. Salim MerchantChanging global appetiteOf no little importance is the growing audience for Bollywood productions in Australia. Anupam Sharma films for Australia's first ethnic reality show, "Bollywood Star," on SBS TV by WTFN.

Persons: Anthony Albanese, Narendra Modi, Tony Burke, “, ”, Anupam Sharma, Sharma, Feroz Khan –, “ Bollywood’s Clint Eastwood ” –, I’m, ’, “ Prem Aggan, Khan, Harman Baweja, Priyanka Chopra, Mike Rann, Baweja, Harry Baweja, Ajay Devgan, ” Sharma, Garth Davis, Dev Patel, Nicole Kidman, David Wenham, Weinstein, ” Brothers Salim, Sulaiman Merchant, “ UnIndian, Salim Merchant, Salim, Sulaiman, Mitu Bhowmick Lange, Bhowmick Lange “, ” Bhowmick Lange, Bhowmick Lange, La Trobe, Anupam, “ Everyone’s Organizations: CNN, Asia’s, Australian, Indian Film, of Melbourne, Sydney Opera House, Baweja Studios, “, Mumbai, –, ”, Co, “ Salaam, La Trobe University, La, SBS, WTFN Locations: Australia, Delhi, Brisbane, Sydney, Australian, Melbourne, India, Lake Gairdner, South Australia, Western Australia, “ Australia, ” Australia, Canada, China, Mumbai, Victoria, China Town

☆ UBS shares 9 charts that show global stocks are barreling towards a sell-off as recession fears flare
▼ + stars: | 2023-07-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +2 min

But UBS analysts are expecting that global equity valuations will sell off later this year. Stocks may be riding the ongoing bull rally back to all-time highs, but that doesn't mean Wall Street's fears of an economic downturn have completely dissipated. In fact, even prominent investors such as Evercore founder Roger Altman have called for a recession by the end of 2023. And according to analysts at UBS investment bank, a potential market sell-off wouldn't be solely concentrated in the technology sector. In the note, Baweja and his team also shared nine "essential" charts showing why they expect equities to sell off this year.

Persons: Roger Altman, Joe Mazzola — Charles Schwab's, —, Bhano Baweja, Baweja Organizations: UBS

☆ UBS identifies a trigger that could spark a stock market sell-off in the second half
▼ + stars: | 2023-06-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Equities could sell off in the coming weeks due to several factors, including weak global growth and poor company earnings, according to UBS strategists. "Growth is weaker than in the investor narrative and much weaker than priced in markets," said UBS strategists led by chief strategist Bhanu Baweja in a note to clients on June 28. One particular issue UBS strategists noted was the health of the credit market. Matthew Mish, head of credit strategy at the bank, noted that UBS' latest research had noticed an uptick in factors that could worsen credit conditions. When asked about indicators to watch ahead of an increase in credit spreads, Mish pointed to a rise in bankruptcy filings, worsening credit ratings, and falling traded prices for defaulted leveraged loans.

Persons: Bhanu Baweja, Matthew Mish, we've, Mish Organizations: UBS, CCC Locations: downgrades

☆ This fund manager shorted Credit Suisse — and he's sticking with his bet
▼ + stars: | 2023-03-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Barry Norris, fund manager at Argonaut Capital, said Saturday morning that he still expects Credit Suisse 's stock to become worthless. "If this happens we would expect [Credit Suisse] equity holders to get zero, deposit holders guaranteed and probably but not certain that bond holders will be made whole." Norris' Argonaut Absolute Return Fund fund delivered 11.3% in returns last year amid a year of losses for the broader stock market. Credit Suisse has had tumultuous few years, battling various scandals and controversies . Credit Suisse had invested heavily in Greensill and marketed its funds to clients, but the firm collapsed in 2021, leaving Credit Suisse and its customers with $1.7 billion in losses and reputational damage.

☆ UBS says recession in 2023 will be an inch deep but a mile wide — and that’s not priced into stocks
▼ + stars: | 2022-11-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Global economic conditions will shift next year and that's going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC's "Squawk Box Europe" on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. "It's an inch deep but it's a mile wide," he said of the expected recession. "Global growth is at 2% and that is not priced into stocks." Baweja pointed to the S & P 500 's underperformance this year so far, down 15.5%, relative to Europe's Stoxx 600 's 9.6% fall.

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