UBS On-Air: Market Moves

2025 is the best of times, and the worst of times; an epoch of belief, an epoch of incredulity. In an increasingly polarized world, people will cling to one side or the other—without recognizing that both sides can have a point. It is an economist’s role to impartially assess the economic consequences of politics, in clear and direct language. The likely result is that I will upset everyone this year.

Listen to our final livestream of the year, where our Global Chief Investment Officer, Mark Haefele, and colleagues provide an in-depth recap of 2024, along with key insights and investment strategies for 2025 and beyond.

On the final episode of Top of the Morning for 2024, Brian Rose drops by to share his thoughts and reflections on this week’s FOMC meeting outcome. We also look ahead to 2025 and examine CIO’s current forecast for rate cuts, along with take a temperature on the health of the US economy as we head into the new year. Featured is Brian Rose, Senior Economist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

With the wearisome repetitiveness of a tacky Christmas song, a US government shutdown is again threatened. A budget deal backed by president-elect adviser Musk and President-elect Trump failed to pass Congress. Absent a deal, the US government starts to shut down tonight. A short-lived shutdown affects government workers, but has limited economic impact. The longer a shutdown lasts, the more disruptive it is to the US economy. Economic data may not get published in a shutdown (a problem for Federal Reserve Chair Powell with their addiction to data dependency).