If the February non-farm payroll report is mediocre, the Federal Reserve's rate cut expectations will extend into the third quarter.

GateNews

2026-03-06 12:07:35

Odaily Planet Daily reports that in February, US ADP employment figures and ISM Non-Manufacturing PMI both exceeded expectations, indicating that the Federal Reserve is more focused on a stable labor market. The Fed has also signaled that it is not in a hurry to cut interest rates. Additionally, due to the impact of the war causing domestic energy prices to surge, market expectations for the next rate cut have been pushed back to around September. If the February non-farm payrolls perform modestly or are overshadowed by the war, and considering the foreseeable inflation rebound, the market’s expectation for the Fed’s first rate cut will extend into the third quarter.

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