FED RATE CUTS STILL LIKELY—BUT NO RUSH: UBS Easing U.S. inflation should keep the Federal Reserve on track for rate cuts despite strong jobs data, UBS Global Wealth Management says. It expects two 25-basis-point cuts in June and September, supporting equities, bonds, and gold. After the labor report, markets trimmed expected cuts this year to about 50 basis points from 60 and now price the first cut in July instead of June, according to LSEG. January CPI data will be released Friday.(*Walter Bloomberg)