If the February non-farm payroll report shows mediocre performance, expectations for a Fed rate cut will extend to the third quarter

Odaily News According to reports, both the US February ADP employment figures and the ISM Non-Manufacturing PMI exceeded expectations, indicating that the job market, which the Federal Reserve is more concerned about, is trending towards stability. Additionally, the Fed had already signaled earlier that it is in no hurry to cut rates. Coupled with the surge in domestic energy prices due to the impact of war, market expectations for the timing of the next rate cut have already been pushed back to around September. If the February non-farm payroll data shows mediocre performance or is overshadowed by war-related developments, in a foreseeable scenario of rebounding inflation, market expectations for the timing of the Fed's first rate cut will likely extend into the third quarter.