Nick Timiraos: Forecast shows US December PCE inflation rose 0.37% month-on-month

The US Dollar Index rose 1.5% this week, marking the largest gain of the year, driven by safe-haven demand.

The US dollar performed strongly amid Middle East conflicts and soaring oil prices, rising 1.5% this week, the largest increase in over a year. Despite the US non-farm payroll report showing job reductions, the market remains influenced by oil prices and uncertainty, continuing to push the dollar higher.

Schroders Chief Economist: U.S. Non-Farm Payrolls Data Below Expectations, but Recent Factors May Weaken the Need for Rate Cuts

Gate News Report, March 6 — Schroders Global Chief Economist David Rees commented on the U.S. non-farm payroll data. Rees pointed out that the non-farm employment figures were significantly below expectations, providing a basis for dovish discussions within the Federal Reserve. He stated that at least part of the deviation below expectations was due to strikes in the healthcare industry, which are expected to be reversed. Additionally, despite the soft employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become the Federal Reserve Chair, previously expressed the view that the application of artificial intelligence would greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events would weaken the need for rate cuts in the short term.

Institutional analyst: Poor February employment data does not change the Federal Reserve's expectation of rate cuts this year; the market expects only one rate cut this year.

Carson Group analyst Sonu Varghese stated that despite poor employment data in February, the Federal Reserve's interest rate cut expectations for this year remain unchanged, and risks in the labor market still exist. Meanwhile, energy prices and artificial intelligence bottlenecks will keep the Federal Reserve cautious on rate cuts, and the market may only expect one rate cut.

70% of assets heavily invested in Bitcoin! Mexican billionaire urges "buy quickly during the dip," and the wealthy dad is also increasing his holdings

Mexican billionaire Ricardo Salinas Pliego is heavily investing in Bitcoin, believing it can hedge against inflation and symbolize personal freedom. Robert Kiyosaki warns that a stock market crash is imminent and continues to increase his holdings in Bitcoin and precious metals, remaining confident. They both believe that Bitcoin has long-term value potential, and the current price dip is a good buying opportunity.

White House Economic Council Chair Harret: Expecting 4% economic growth in the US this year

Gate News Report, March 6th, the Director of the U.S. White House National Economic Council, Hasset, stated that the U.S. economy is expected to grow by 4% this year and emphasized the importance of focusing on the average employment figures.

U.S. non-farm employment data fell short of expectations, unemployment rate rose, and oil prices surged significantly

Gate News Announcement, March 6 — Annex Wealth Management Chief Economist Brian Jacobsen stated that the latest non-farm employment data deviates from expectations, with the unemployment rate rising and oil prices surging. The Federal Reserve is currently facing policy choices: whether to take measures to support the labor market or to maintain the current stance to curb inflation expectations.