Lates News

Sonu Varghese, Chief Macro Strategist at Carson Group, stated that the latest labor data indicates that the economy is adding jobs at a pace sufficient to keep up with population growth. However, he pointed out: "This will present the Federal Reserve with a more complex situation to consider cutting interest rates, especially considering the scale of the upcoming inflation shock." He added that the inflation issue was already present before the Middle East crisis that led to spike in energy prices, "Ultimately, it appears that the rate cuts implemented last year were a mistake."