GDS Analyst: February non-farm employment data supports the expectation of a Fed rate cut in June
TechFlow news on March 7, according to Jinshi report, GDS Wealth Management analyst Glen Smith said that the non-farm employment data in February might change the Federal Reserve's interest rate path this year. The data showed that the number of new non-farm jobs in February was lower than expected, and the unemployment rate rose from 4% to 4.1%, with federal government employment decreasing by 10,000 people.
Smith pointed out that this report has not fully reflected most of DOGE's layoffs yet, but current data already supports a possible Fed rate cut in June. The market is paying attention to a speech by Federal Reserve Chairman Powell at 01:30 Beijing time on Saturday morning.
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