.Sergio Ermotti, ceo of UBS GroupStefan Wermuth|Bloomberg|Getty ImagesZURICH, Switzerland Double A u00b7 UBS chief executive officer Sergio Ermotti claimed Wednesday that market volatility could possibly magnify in the second half of the year, but he does certainly not feel the U.S. is moving right into a recession.Global equities viewed stinging auctions recently as investors digested weak economical records out of the united state which brought up fears concerning an economic recession worldwide's biggest economic condition. It also questioned about whether the Federal Book required to be much less hawkish with its own monetary policy posture. The central bank kept fees on grip in overdue July at a 23-year high.When asked them about the overview for the united state economy, Ermotti stated: "Certainly not always a financial crisis, yet absolutely a slowdown is achievable."" The macroeconomic indications are not clear enough to talk about financial crises, and also in fact, it's probably premature. What we understand is that the Fed has enough capability to come in and also support that, although it's going to take some time, whatever they carry out to become after that sent right into the economic situation," the chief executive officer told CNBC on Wednesday after the financial institution stated its own second-quarter results.UBS anticipates that the Federal Book will cut costs through at the very least 50 manner factors this year. At the moment, traders are divided in between a 50 and also a 25 manner factor cut at the Fed's following appointment in September, depending on to LSEG data.Speaking to CNBC, Ermotti pointed out that our company are actually most likely to see much higher market dryness in the second fifty percent of the year, partially due to the U.S. vote-casting in November." That is actually one factor, yet likewise, if I take a look at the general geopolitical picture, if I check out the macroeconomic photo, what our team observed in the final number of weeks in regards to volatility, which, in my point of view, is a crystal clear indication of the fragility of some factors of the device, u00e2 $ u00a6 one should anticipate absolutely a higher degree of dryness," he said.Another anxiety moving forward is actually financial plan and also whether central banks will definitely need to cut rates more aggressively to fight a downturn in the economic situation. In Switzerland, where UBS is headquartered, the central bank has cut rates two times this year. The International Central Bank and also the Banking Company of England possess each revealed one slice up until now." Recognizing the activities which are actually theu00c2 unknowns imminent like the united state governmental vote-casting, our team became satisfied with an extremely low dryness, now our experts are moving to a much more normal regime," Bruno Verstraete, creator of Lakefield Wide range Management informed CNBC Wednesday." In the circumstance of UBS, [even more volatility is actually] certainly not always a bad point, since additional volatility means additional investing revenue," he added.