Lates News

Global X investment strategy director Scott Helfstein said that although the March employment report exceeded expectations, "labor market risks still remain high and rising oil prices due to the Iran conflict could be an additional obstacle in the coming months." He believes that better-than-expected job growth in March could mean that the Federal Reserve will keep interest rates unchanged at the meeting later this month. However, he added that "we still believe that rates may be too high, as this is still evident in the mortgage market."