UBS sees two Fed cuts in 2024, yields falling below 4%

Stocks and bonds rallied on Wednesday following U.S. economic reports showing cooler inflation and flat retail sales in April, fueling investor hopes for a so-called “soft landing.”
Both headline and core U.S. consumer prices (excluding food and energy) rose slightly less than expected, up 0.3% month-over-month. Retail sales were weaker than anticipated, remaining flat…

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