BREAKINGVIEWS-Dour US employment data raises stakes for the Fed

Reuters01:50
BREAKINGVIEWS-Dour US employment data raises stakes for the Fed

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Gabriel Rubin

WASHINGTON, March 6 (Reuters Breakingviews) - A shock initial estimate of 92,000 job losses in February casts a pall over a once seemingly resilient labor market. Incoming central bank chief Kevin Warsh may now be stuck between Iran war-induced inflation and a deteriorating economy. The risk of something breaking is rising.

Full view will be published shortly.

Follow Gabriel Rubin on Bluesky and LinkedIn.

CONTEXT NEWS

The U.S. economy lost 92,000 jobs in February, according to the Bureau of Labor Statistics, while the unemployment rate rose to 4.4%.

Federal Reserve officials cautioned that war in the Middle East poses significant upward inflationary risk, putting the central bank’s monetary policymakers in a wait-and-see stance over their future rate path.

(Editing by Jonathan Guilford; Production by Maya Nandhini)

((For previous columns by the author, Reuters customers can click on RUBIN/gabriel.rubin@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment