According to Jinshi Data, UBS Global Wealth Management pointed out in its report that despite the stronger-than-expected non-farm employment report in January, evidence of cooling U.S. inflation in the coming months should enable the Federal Reserve to maintain its plans for further rate cuts. Chief Investment Officer Mark Haefele stated that the institution's baseline scenario still expects rate cuts of 25 basis points in both June and September, which will create a favorable environment for stocks, bonds, and gold.
The London Stock Exchange data shows that after the non-farm data was released, the currency market adjusted its expectations for the total rate cut by the Federal Reserve for the year from about 60 basis points to about 50 basis points, and delayed the pricing for the next rate cut from June to July.