Analyst: The Fed's March FOMC meeting may face calls for rate cuts, Besant's economic growth rhetoric contradicted by data

According to Odaily, Christopher Hodge from Natixis stated that this report could particularly influence Federal Reserve Governor Waller. Recalling earlier today, he mentioned that if the February data appears weak and the January data is revised downward, the question will arise as to why the Federal Reserve is holding steady instead of cutting rates... This would reinforce the dovish view within the Fed that the recent encouraging labor data is merely "Fool's Gold," referring to economic data that is deceptive.

Analyst Chris Anstey noted that this would be a setback for the Treasury Secretary. Previously, we observed that Bessent had praised the growth in construction employment in January, viewing it as a model of the capital expenditure boom advocated by the government and expecting this momentum to continue. However, after an increase of 48,000 in January, construction employment fell by 11,000 in February. As for manufacturing, after a slight increase of 5,000 in January, the sector has resumed its downward trend, decreasing by 12,000. (Golden Ten Data)