Miner Company
February Jobs Report: Signs Of Slowdown, But Rate Cut Unlikely
The latest US labor market report signals early signs of economic slowdown, with non-farm payrolls dropping by 92k and cyclical sectors shedding jobs. While job market trends would ordinarily turn the Fed dovish, escalating US-Iran tensions have heightened inflation risks, reducing the probability of near-term Fed rate cuts.
The latest US labor market report signals early signs of economic slowdown, with non-farm payrolls dropping by 92k and cyclical sectors shedding jobs. While job market trends would ordinarily turn the Fed dovish, escalating US-Iran tensions have heightened inflation risks, reducing the probability of near-term Fed rate cuts.