The Federal Reserve could start reversing its interest-rate hikes as early as this summer, according to UBS. The Switzerland-based bank's global chief economist Arend Kapteyn said borrowing costs could start getting cut in July as key inflation measures show signs of cooling. "We think they cut this year. We think the first cut is in July. That's just them pulling forward their own forecasts. They have those cuts next year," Kapteyn told Bloomberg in a Tuesday interview. Kapteyn bases the house view on cooling core PCE inflation data."The difference between the Fed and us is that they think we end the year with a ... (full story)