TechFlow News, March 6: Sonu Varghese, analyst at Carson Group, stated that the weak February employment data is unlikely to alter market expectations for Federal Reserve rate cuts this year. He noted that the report “reminds us that risks in the labor market remain unresolved.” On the other hand, “inflation is already elevated—even before the impending energy price shock and AI-related bottlenecks emerge.” Varghese expects these two factors to “keep the Fed cautious on rate cuts—making near-term cuts unlikely.” Markets currently broadly anticipate only one rate cut this year. (Jinshi)
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