0624 GMT - For the Federal Reserve, January's solid U.S. employment data "should kill off any lingering suspicion of a rate cut in March," Monex's Nick Rees says in a note. However, Monex maintains its expectation for now that the Fed will resume rate cuts in June. "Still, for now, markets are left trading a solid set of headline figures, with that naturally seeing rate cut expectations pared," the head of macro research says. Markets price in a 92% probability of unchanged Fed rates in March and 8% for a 25-basis-point rate reduction, according to LSEG. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 01:24 ET (06:24 GMT)

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