A weak jobs report for February quashed the notion that the labor market is stabilizing, but it likely won’t push the Federal Reserve to cut interest rates this month, given the oil price shock from the Iran war poses a risk of higher inflation.
“This jobs report has got my attention,” San Francisco Fed president Mary Daly told CNBC. “The labor markets may be a little weaker than we have seen so far.”
Jennifer Schonberger | Yahoo Finance