Source: Federal Reserve may cut interest rates twice this year to support labor market

BlockBeats News, April 4th: According to the Oxford Economics Institute, the US March employment figures significantly overestimated the strength of the pre-war job market, as the data reflected simultaneous declines in the labor force and household employment. As the Iran war affects actual economic activity, job growth will slow. The war's impact on inflation is immediate, but the negative effects on consumer spending, business investment, and hiring will become more apparent in the coming months.

Oxford Economics Institute's baseline forecast remains that the Federal Reserve will overlook a one-time oil price shock this year and cut interest rates twice to guard against any future weakness in the labor market. (Golden Ten)