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Macroeconomic Outlook: In the Sixth Week of the War, the Trump Playbook May Collapse; CPI Will Be Released; Gold Prices May See Volatility
The US released the non-farm payroll report on Friday, showing 178k new jobs added, exceeding expectations. February data was revised from an initial estimate of a 92k decrease to a 133k decrease. Against the backdrop of a reduced probability of rate cuts by the Federal Reserve in 2026, this report provides short-term support for the US dollar. The Iran war enters its sixth week, and the Trump quick-win playbook is heading toward collapse.