[Strategist: Latest Nonfarm Payrolls Put the Fed in a Complex Situation, Last Year's Rate Cuts Were a Mistake] Jin10 Data, April 3 – Carson Group Chief Macro Strategist Sonu Varghese stated that the latest labor market data indicates that the economy is adding enough jobs to keep up with population growth. However, he pointed out: 'This will put the Federal Reserve in a more complex situation, and considering rate cuts makes no sense, especially given the scale of the impending inflation shock.' He added that inflation issues were already present before the Middle East crisis that caused energy prices to surge, saying, 'In hindsight, last year's rate cuts were a mistake.'