CoinWorld News, ME News reports that on March 11 (UTC+8), Schroders’ Global Chief Economist David Rees stated that the significantly lower-than-expected non-farm employment data will provide discussion points for dovish members within the Federal Reserve. However, at least some of the shortfall is due to strikes in the healthcare sector, which should eventually be reversed. Additionally, despite the weak employment report, we believe that the continued strong growth of the U.S. economy makes sustained labor demand inevitable. It is still unclear whether Kevin Woor, who is about to become the Fed Chair, will change his view that the application of artificial intelligence will greatly enhance U.S. productivity and create room to lower interest rates. However, any recovery in the job market and inflation risks from Middle Eastern events will weaken the short-term need for rate cuts.
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