In the early hours of Thursday Beijing time, the U.S. Federal Reserve is about to release its interest rate decision, and global markets are highly focused on it. On Tuesday in U.S. Eastern Time, an analyst at UBS said there is no need to overreact to the expected rate hikes this time. Historical data show that once a rate-hiking cycle officially starts, the stock market often displays strong resilience. UBS keeps its S&P 500 target levels unchanged: a year-end target of 8,100 points, and a mid-2027 target of 8,400 points.