Expert Warns of Labor Market Risks Amid Rising Oil Prices

Global X's Head of Investment Strategy, Scott Helfstein, commented on April 3 that despite the March employment report exceeding expectations, labor market risks remain elevated. According to Jin10, Helfstein noted that rising oil prices due to the conflict in Iran could pose additional challenges in the coming months. He suggested that the better-than-expected job growth in March might lead the Federal Reserve to keep interest rates unchanged at its meeting later this month. However, he added, "We still believe that interest rates may be too high, as reflected in the mortgage market."