"Non-farm" data slightly exceeded expectations, and the market continues to anticipate the Federal Reserve holding steady in March.

SmartContractAuditor · 2026-03-04T13:26:19+00:00

In February, the increase in employment in the U.S. private sector exceeded expectations, but January's data was revised downward. Despite turbulence in the labor market, it has now stabilized, and high inflation is affecting the Federal Reserve's interest rate policy. Additionally, air strikes against Iran have boosted oil and gas prices, reducing expectations of rate cuts.

SmartContractAuditor

2026-03-04 13:26:19

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Odaily Planet Daily reports that the ADP National Employment Report on Wednesday showed that U.S. private sector employment increased more than expected in February, but data for the previous month was significantly revised downward. Private sector employment rose by 63,000 last month, while January’s figure was revised from an initial increase of 22,000 to an increase of 11,000. The data may indicate that, despite last year’s uncertainty caused by import tariffs shaking the labor market, it has now stabilized. The stability of the labor market and still-high inflation are seen as factors encouraging the Federal Reserve to keep interest rates unchanged this month. Additionally, U.S.-Israel airstrikes on Iran and Tehran’s retaliatory actions have pushed up oil and gas prices, prompting traders to lower their expectations for rate cuts this year due to concerns that the conflict could fuel inflation. Currently, the likelihood of a rate cut in June has greatly diminished. The U.S. Federal Reserve maintained the benchmark overnight interest rate in the range of 3.50%-3.75% in January. (Jin10 Data APP)

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