Institutions: Poor employment data is unlikely to change the Federal Reserve's expectation of rate cuts this year.

According to Odaily, Carson Group analyst Sonu Varghese stated that the disappointing employment data for February is unlikely to change expectations regarding a Federal Reserve rate cut this year. He noted that this report "reminds us that risks in the labor market have not been eliminated." On the other hand, "even before the upcoming energy price shocks and AI-related bottlenecks emerge, inflation remains persistently high." Varghese expects these two factors will "keep the Federal Reserve cautious about rate cuts—making a rate cut unlikely in the short term." The current market consensus is that there will be only one rate cut this year. (Golden Ten Data)