European Central Bank official: Digital euro network will be ready for use by private payment systems before 2029

Federal Reserve's Goolsbee: Expect interest rate cuts to begin before the end of this year

Gate News Report, on March 6th, Federal Reserve official Goolsby stated that rate cuts could begin before the end of this year. He pointed out that the timing for taking prudent action has been continuously delayed.

Schroders Chief Economist: U.S. Non-Farm Payrolls Data Below Expectations, but Recent Factors May Weaken the Need for Rate Cuts

Gate News Report, March 6 — Schroders Global Chief Economist David Rees commented on the U.S. non-farm payroll data. Rees pointed out that the non-farm employment figures were significantly below expectations, providing a basis for dovish discussions within the Federal Reserve. He stated that at least part of the deviation below expectations was due to strikes in the healthcare industry, which are expected to be reversed. Additionally, despite the soft employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become the Federal Reserve Chair, previously expressed the view that the application of artificial intelligence would greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events would weaken the need for rate cuts in the short term.

Institutional analyst: Poor February employment data does not change the Federal Reserve's expectation of rate cuts this year; the market expects only one rate cut this year.

Carson Group analyst Sonu Varghese stated that despite poor employment data in February, the Federal Reserve's interest rate cut expectations for this year remain unchanged, and risks in the labor market still exist. Meanwhile, energy prices and artificial intelligence bottlenecks will keep the Federal Reserve cautious on rate cuts, and the market may only expect one rate cut.

U.S. non-farm employment data fell short of expectations, unemployment rate rose, and oil prices surged significantly

Gate News Announcement, March 6 — Annex Wealth Management Chief Economist Brian Jacobsen stated that the latest non-farm employment data deviates from expectations, with the unemployment rate rising and oil prices surging. The Federal Reserve is currently facing policy choices: whether to take measures to support the labor market or to maintain the current stance to curb inflation expectations.

Goldman Sachs expects the Federal Reserve to complete the remaining two rate cuts, but the timing remains uncertain.

Goldman Sachs Multi-Asset Fixed Income Investment Director Lindsay Rosner stated that the Federal Reserve should be cautious about delaying interest rate cuts in the face of a weak labor market. Meanwhile, the Middle East conflict influences policy directions, and the complex interplay between inflation and U.S. employment makes the timing of rate cuts uncertain. Goldman Sachs expects to complete two rate cuts to return to a neutral interest rate.

Traders increase bets on the Federal Reserve cutting interest rates at least once in 2026

Gate News Report: On March 6, traders increased their bets, expecting the Federal Reserve to cut interest rates at least once by 2026.