Analysis: "Small Non-Farm" slightly exceeded expectations, and the market continues to anticipate the Federal Reserve holding steady in March.

Deep Tide TechFlow News, March 4th, according to Jin10 Data, the ADP National Employment Report on Wednesday showed that U.S. private sector employment increased more than expected in February, but data from the previous month was significantly revised downward. Last month, private sector employment increased by 63,000, while January’s figure was revised from an earlier increase of 22,000 to 11,000. The data may indicate that, despite last year’s uncertainty caused by import tariffs shaking the labor market, it has now stabilized. The stability of the labor market and still-high inflation are seen as factors encouraging the Federal Reserve to keep interest rates unchanged this month. Additionally, the air strikes by the U.S. and Israel against Iran, along with Tehran’s retaliatory actions, pushed up oil and gas prices, prompting traders to lower their expectations for rate cuts this year due to concerns that the conflict could fuel inflation. Currently, the likelihood of a rate cut in June has greatly diminished. The U.S. Federal Reserve maintained the benchmark overnight interest rate in the 3.50%-3.75% range in January.