Gate News: On March 6, Schroder Global Economics Chief David Rees commented on U.S. non-farm payroll data. Rees pointed out that the significantly lower-than-expected non-farm employment figures will provide discussion points for dovish members within the Federal Reserve. He stated that at least part of the discrepancy below expectations is due to strikes in the healthcare sector, which are expected to reverse. Additionally, despite the weak employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become Fed Chair, previously expressed the view that the application of artificial intelligence will greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events will weaken the need for rate cuts in the short term.
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