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ChainCatcher news, according to Golden Ten Data, Steve Sosnick, Chief Strategist at Interactive Brokers, stated that discussions about a retreat in the labor market can now end. Employment data far exceeded expectations, with a significant monthly correction, but the two-month correction was quite small. He pointed out that this is a solid report and said that if one is hoping for an interest rate cut, this report does not increase such hopes at all.

```htmlGolden Ten Data reported on April 3 that Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott, stated: The non-farm payroll report is mixed overall, but the performance is solid enough to support the Federal Reserve in maintaining its current policy stance. The downward revision of the data has diminished the headline numbers’ brightness, and the slowdown in wage growth may indicate some loosening in the labor market. However, most importantly, the unemployment rate has not risen significantly, which is a positive sign for the economy.```

Golden Ten Data reported on April 3 that Carson Group Chief Macro Strategist Sonu Varghese stated that the latest labor force data indicates the economy is adding enough jobs to keep up with population growth. However, he noted, “This will present a more complicated situation for the Federal Reserve, and considering rate cuts is meaningless, especially given the magnitude of the upcoming inflation shock.” He added that inflation concerns existed even before the Middle East crisis that triggered the surge in energy prices. “In the end, it appears that last year's rate cuts were a mistake.”