Fed's Policy Unlikely To Shift With U.S. Employment Report, Says Strategist

According to BlockBeats, on February 7, Pepperstone strategist Michael Brown stated in a report that it is difficult to envision the U.S. employment report being a game-changer from the Federal Reserve's policy perspective. Federal Reserve Chair Jerome Powell emphasized that policymakers need to see genuine progress in inflation or some degree of weakness in the labor market before considering another rate cut. For the market, the employment report might be a scenario where 'good news is good news' or vice versa. The focus remains on the underlying economic conditions rather than any potential policy implications.