Report: March employment report provides some breathing space for the Fed.

Purisun Financial Group's chief economist Fulcher said in a report that the strong overall data of 178,000 jobs in March provided some breathing room for the Fed's monetary policy. He said: "As the economy continues to add jobs at a good pace, the pressure on the Fed to cut rates to support the labor market has decreased." He added that policymakers can wait and see the situation in Iran and the trend of inflation before adjusting interest rates. The basic forecast of Purisun Financial Group is that the Federal Open Market Committee will keep the federal funds rate in the current range for the remainder of 2026 and in 2027.