The Federal Reserve is expected to cut interest rates twice this year to support the labor market

According to Jinshi reports, the Oxford Economics Institute stated that the employment figures for the United States in March overestimate the strength of the pre-war job market, with both the labor force and household employment numbers declining. As the impact of the Iran war on economic activity unfolds, job growth will slow down. The Oxford Economics Institute predicts that the Federal Reserve will overlook the impact of rising oil prices and is expected to cut interest rates twice this year to guard against potential weakness in the labor market.