TechFlow News, March 6: Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that the latest nonfarm payroll data was deeply disappointing and significantly missed expectations. The report’s figures are unambiguous—rising unemployment coupled with a sharp increase in oil prices will prompt traders to worry about stagflation risks. Will the Federal Reserve take action to support the labor market, or maintain the status quo—or even threaten rate hikes—to curb inflation expectations? It now faces a dilemma. (Jin10)
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