Analyst: The Federal Reserve's March policy meeting may face calls for rate cuts, but Besant's economic growth theory is contradicted by data.

SmartContractAuditor · 2026-03-06T14:01:22+00:00

Natixis's report indicates that Federal Reserve Board Member Waller may be affected by weak economic data and questions whether the Fed should cut interest rates. Poor employment data in construction and manufacturing sectors are putting pressure on the Treasury Secretary, contradicting previous optimistic expectations for economic growth.

SmartContractAuditor

2026-03-06 14:01:22

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Odaily Planet Daily reports that Christopher Hodge from Natixis said this report could particularly impact Federal Reserve Board member Waller. Just earlier today, he mentioned that if February’s data appears weak and January’s data is revised downward, the question of why the Fed remains on hold and does not cut interest rates will be raised… This will reinforce the dovish view of the Fed, that recent encouraging labor data is just “Fool’s Gold,” meaning deceptive economic data.

Analyst Chris Anstey stated that this would be a blow to the Treasury Secretary. We previously noted that Bessant praised the increase in January construction employment, viewing it as a model of the government’s advocated capital expenditure boom, and expected this momentum to continue. However, after adding 48,000 jobs in January, construction employment in February fell by 11,000. As for manufacturing, after a slight increase of 5,000 in January, the industry has resumed a downward trend, decreasing by 12,000. (Jin10)

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