UBS says further Fed easing, resilient growth and broadening sector support should keep U.S. equities on track for an S&P 500 move to 7,700. Summary:UBS reaffirmed its 7,700 year-end target for the S&P 500, maintaining a constructive outlook for U.S. equities. The bank expects Federal Reserve rate cuts to remain a tailwind, even as the Fed pauses its easing cycle in the near term. UBS said softening labour market conditions and contained inflation should allow further policy easing in coming months. Against this backdrop, UBS expects monetary policy to remain a key tailwind for risk assets.