TechFlow news, March 7 — According to Jinshi News, GDS Wealth Management analyst Glen Smith said the February non-farm payroll data could alter the Federal Reserve's interest rate path this year. The data showed that non-farm payrolls increased less than expected in February, while the unemployment rate rose from 4% to 4.1%, and federal government employment declined by 10,000 jobs.
Smith noted that the report does not yet fully reflect the majority of job cuts from DOGE, but current figures already support the possibility of a Fed rate cut in June. Markets are now focusing on Chairman Powell's speech scheduled for 01:30 Beijing time on Saturday morning.
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