Lates News

UBS Global Wealth Management pointed out in its report that despite the strong January nonfarm payrolls report, evidence of declining US inflation in the coming months should allow the Federal Reserve to maintain its plans for further interest rate cuts. Chief Investment Officer Mark Haefele stated that the base case scenario for the institution is still a 25 basis point rate cut in June and September, which "will create a favorable environment for stocks, bonds, and gold." Data from the London Stock Exchange shows that following the release of nonfarm data, market expectations for total Fed rate cuts for the year have been reduced from around 60 basis points to about 50 basis points, and pricing for the next rate cut has been pushed back from June to July.