["Small Nonfarm Payrolls" Slightly Exceed Expectations, Market Continues to Expect Fed to Hold Steady in March] BlockBeats News, March 4: The ADP National Employment Report released on Wednesday showed that U.S. private sector employment growth in February exceeded expectations, but the data for the previous month was significantly revised downward. Private sector employment increased by 63,000 last month, while January's data was revised down from the previously reported increase of 22,000 to an increase of 11,000. The data may suggest that, despite the labor market disruptions caused by uncertainties from import tariffs last year, it has now stabilized. The stability of the labor market and persistently high inflation are seen as factors encouraging the Federal Reserve to keep interest rates unchanged this month. In addition, the airstrikes between Israel and Iran, along with Tehran's retaliatory actions, have driven up oil and gas prices, prompting traders to lower their expectations for rate cuts this year due to concerns that the conflict could fuel inflation. Currently, the likelihood of a rate cut in June has significantly decreased. In January, the U.S. central bank maintained its benchmark overnight interest rate in the range of 3.50%-3.75%. (Jin10)