Gate News reports that on March 6, Carson Group analyst Sonu Varghese stated that poor February employment data is unlikely to change the Federal Reserve’s interest rate cut expectations this year. He pointed out that the report “reminds us that the risks in the labor market have not yet been eliminated.” On the other hand, “even before the upcoming energy price shocks and AI-related bottlenecks, inflation levels are already high.” Varghese expects these two factors will “cause the Federal Reserve to remain cautious on rate cuts — unlikely to cut rates in the short term.” The current market widely expects only one rate cut this year.
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