Strategist: The latest non-farm payrolls put the Federal Reserve in a complicated situation; last year's rate cuts were a mistake.

MeNews · 2026-04-04T05:36:22+00:00

ME News Report, April 3 (UTC+8), Carson Group Chief Macro Strategist Sonu Varghese stated that the latest employment data indicates that new jobs added to the economy are sufficient to keep up with population growth. However, he pointed out, "This will create a more complex situation for the Federal Reserve, and considering a rate cut is pointless, especially given the scale of the upcoming inflation shock." He added that inflation issues existed even before the Middle East crisis that led to soaring energy prices, "Ultimately, it appears that the rate cuts implemented last year were a mistake." (Source: Jin10)

MeNews

2026-04-04 05:36:22

ME News message, April 3 (UTC+8). Carson Group’s Chief Macroeconomic Strategist Sonu Varghese said that the latest labor-market data show that the economy’s new jobs are sufficient to keep up with population growth. But he noted: “This will put the Federal Reserve in a more complicated situation—cutting rates is meaningless, especially given the scale of the upcoming inflation shock.” He added that inflation was already an issue before the Middle East crisis drove energy prices soaring. “In the end, it looks like the rate cuts implemented last year were a mistake.” (Source: Jin Ten)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.