UBS is calling for 3 Federal Reserve rat cuts this year. Yes, three!

Federal Open Market Committee could lower interest rates three times in 2020,
  • tariffs implemented in the US-China trade war expected to drag down US growth to just 0.5% year-on-year in the first half of 2020
  • “We think this tariff damage is going to push U.S. growth down … that’s actually going to trigger three Fed cuts, which is way off consensus, nobody believes that,”
And, the hedge:
  • the impact from tariffs could just be temporary and that the US is not headed into a recession
More at that link, above
CNBC spoke with the global head of economic research at UBS and came away with the bombshell call