Goldman Sachs: Non farm payroll report not as bad as expected, supports Fed's decision to cut interest rates

BlockBeats News: On March 7th, Lindsay Rosner, the head of fixed income investments at Goldman Sachs Asset Management, commented on the US non farm payroll data for February, stating that overall, today's non farm payroll report is not as bad as people had feared. The slightly lower than expected growth in employment and the rise in unemployment rate prove that the momentum of the Federal Reserve restarting the interest rate cut cycle is reasonable. (Golden Ten)