Huatai Securities: March non-farm payroll data reflects the resilience of the U.S. labor market, with inflation becoming the core variable in Federal Reserve policy

ME News message, April 4 (UTC+8), Huatai Securities believes that the better-than-expected rebound in the March nonfarm data shows resilience in the U.S. labor market, but amid the conflict in the Middle East, the impact of higher oil prices on inflation expectations is more critical to the Federal Reserve’s monetary policy. Recently, the conflict in the Middle East has continued to escalate. The oil supply shortfall caused by the Strait of Hormuz blockade has pushed up oil prices and inflation expectations. Inflation is currently the core variable in the Federal Reserve’s monetary policy. (Source: ChainCatcher)

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