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Publish Date: Thu, 15 Aug 2024, 12:17 PM

Sept 6 (Reuters) - Brokerages have raised their year-end targets for U.S. stocks benchmark S&P 500 (.SPX) , opens new tab amid rising expectations for the Federal Reserve to start cutting interest rates at the Sept. 17-18 meeting.
Most analysts expect the Fed to stick to a quarter-point rate cut at the September meeting, though are keenly awaiting the U.S. Department of Labor's August employment report for any signs of further job market softening that could trigger a bigger response from the central bank.
Following are forecasts from some major banks on economic growth, inflation, and how they expect certain asset classes to perform:
Forecasts for stocks, currencies and bonds:
* UBS Global Research and UBS Global Wealth Management are distinct, independent divisions in UBS Group
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U.S. INFLATION
U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years.
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https://www.reuters.com/markets/brokerages-lift-sp-500-target-hopes-soft-landing-rate-cuts-2024-07-15/