[Oxford Economics: The Federal Reserve May Cut Rates Twice This Year to Support the Labor Market] Odaily Planet Daily News - Oxford Economics stated that the U.S. employment figures for March significantly overestimated the pre-war strength of the labor market, as the data also reflected declines in both the labor force and household employment numbers. As the Iran war impacts real economic activity, job growth is expected to slow. The war's effect on inflation is immediate, but its negative impact on consumer spending, corporate investment, and hiring will become more apparent in the coming months. Oxford Economics' baseline forecast remains that the Federal Reserve will overlook the one-time shock of rising oil prices this year and cut rates twice to guard against any potential weakness in the labor market. (Jin10)