Strategist: The latest non-farm payrolls put the Federal Reserve in a complicated situation; last year's rate cuts were a mistake.

MeNews · 2026-04-04T13:10:52+00:00

ME News Report, April 3 (UTC+8), Carson Group Chief Macro Strategist Sonu Varghese stated that the latest employment data indicates that new jobs added to the economy are sufficient to keep up with population growth. However, he pointed out, "This will create a more complex situation for the Federal Reserve, and considering a rate cut is pointless, especially given the scale of the upcoming inflation shock." He added that inflation issues existed even before the Middle East crisis that led to soaring energy prices, "Ultimately, it appears that the rate cuts implemented last year were a mistake." (Source: Jin10)

MeNews

2026-04-04 13:10:52

ME News update, April 3 (UTC+8). Carson Group’s chief macro strategist Sonu Varghese said the latest labor data shows that new economic jobs are sufficient to keep up with population growth. But he noted: “This will put the Federal Reserve in a more complicated position—cutting rates is meaningless, especially given the scale of the inflation shock that is coming.” He added that the inflation problem existed even before the Middle East crisis that drove energy prices soaring: “In the end, it looks like the rate cut implemented last year was a mistake.” (Source: Jin Ten)

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