.Sergio Ermotti, president of UBS GroupStefan Wermuth|Bloomberg|Getty ImagesZURICH, Switzerland Double A u00b7 UBS chief executive officer Sergio Ermotti mentioned Wednesday that market dryness could boost in the second fifty percent of the year, however he carries out not believe the U.S. is actually heading right into a recession.Global equities viewed stinging auctions last week as capitalists digested unstable economic information out of the USA which increased fears about an economic recession in the world's most extensive economic condition. It likewise raised questions concerning whether the Federal Book needed to become a lot less hawkish with its own monetary plan standpoint. The central bank always kept prices on grip in late July at a 23-year high.When asked them about the outlook for the united state economy, Ermotti pointed out: "Not essentially a financial crisis, but undoubtedly a decline is actually possible."" The macroeconomic signs are actually not clear enough to refer to recessions, and really, it is actually most likely premature. What we know is actually that the Fed has sufficient ability to step in as well as assistance that, although it's mosting likely to take some time, whatever they carry out to become after that transferred right into the economic condition," the chief executive officer said to CNBC on Wednesday after the banking company mentioned its own second-quarter results.UBS expects that the Federal Get will definitely cut rates through at the very least 50 manner factors this year. Currently, traders are actually divided in between a 50 as well as a 25 manner point cut at the Fed's next conference in September, according to LSEG data.Speaking to CNBC, Ermotti claimed that our company are actually most likely to see greater market volatility in the 2nd one-half of the year, partly because of the USA election in Nov." That's one factor, yet likewise, if I take a look at the total geopolitical photo, if I consider the macroeconomic picture, what our experts viewed in the last couple of full weeks in terms of dryness, which, in my point of view, is a clear indication of the delicacy of some components of the body, u00e2 $ u00a6 one ought to expect certainly a much higher level of volatility," he said.Another unpredictability moving forward is actually financial plan and whether reserve banks will definitely need to cut prices extra strongly to deal with a decline in the economic situation. In Switzerland, where UBS is actually headquartered, the reserve bank has cut fees twice this year. The International Central Bank as well as the Bank of England possess each announced one slice thus far." Recognizing the occasions which are theu00c2 unknowns on the horizon like the united state presidential political election, our team became complacent with an extremely reduced dryness, currently we are actually shifting to a much more normal program," Bruno Verstraete, founder of Lakefield Wealth Monitoring told CNBC Wednesday." In the circumstance of UBS, [more dryness is] not essentially a bad point, due to the fact that more dryness means more trading income," he added.