March Jobs Report Complicates Matters for Fed -- Market Talk
Dow Jones04-03 21:11
0911 ET - Sonu Varghese, Chief Macro Strategist Carson Group, says the latest labor data show that the economy is creating enough jobs to keep up with population growth. But he says "this is going to complicate matters for the Fed, as it makes no sense to even consider rate cuts especially given the magnitude of the upcoming inflation shock." Varghese adds that inflation was already a problem before this latest crisis in the Middle East which brought the surge in energy prices. "Ultimately, it looks like the rate cuts last year were a mistake," he says. (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
April 03, 2026 09:11 ET (13:11 GMT)
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