The Federal Reserve is expected to cut interest rates twice this year to support the labor market.

ChainCatcher news, according to Golden Ten Data, Oxford Economics stated that the U.S. employment figures for March overestimated the strength of the pre-war job market, with both the labor force size and household employment numbers declining. As the Iran war impacts economic activity, employment growth will slow down. Oxford Economics predicts that the Federal Reserve will ignore the shock from rising oil prices and is expected to cut interest rates twice this year to guard against possible weakness in the labor market.