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

MeNews · 2026-04-05T09:19:18+00:00

ME News Report, April 4 (UTC+8), Huatai Securities believes that the better-than-expected non-farm payroll data in March shows resilience in the U.S. labor market. However, under the ongoing Middle East conflict, high oil prices have a more significant impact on inflation expectations and are more critical to Federal Reserve monetary policy. Recently, the Middle East conflict has escalated, and the blockade of the Strait of Hormuz has caused a supply gap in crude oil, pushing up oil prices and inflation expectations. Currently, inflation is the core variable in the Federal Reserve's monetary policy. (Source: ChainCatcher)

MeNews

2026-04-05 09:19:18

ME News message, April 4 (UTC+8), Huatai Securities believes that the rebound in March nonfarm data beyond expectations shows the resilience of the U.S. labor market, but amid escalating conflicts in the Middle East, the impact of higher oil prices on inflation expectations is more critical to the Federal Reserve’s monetary policy. In recent times, conflicts in the Middle East have continued to intensify. The oil supply gap driven by a blockade of the Strait of Hormuz has pushed up oil prices and inflation expectations. Inflation is currently the core variable in the Fed’s monetary policy. (Source: ChainCatcher)

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