1121 GMT - Evidence of easing inflation in the U.S. in the coming months should keep the Federal Reserve on track for further interest-rate cuts despite the stronger-than-expected jobs report, UBS Global Wealth Management says in a note. Its base case remains two rate cuts of 25-basis-points each, in June and September, "creating a favorable environment for equities, bonds, and gold," CIO Mark Haefele says. Following the labor data, money markets reduced expectations of total Fed rate cuts this year to around 50 basis points from around 60bps beforehand and price the next rate cut in July, rather than in June, according to LSEG data. January CPI data are due for release on Friday. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 06:21 ET (11:21 GMT)

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