U.S. December CPI Data Released: Year-over-Year Increase of 2.4%, Slightly Below Expectations

Capiatal Economics: The March nonfarm payrolls rebound was driven by the end of the medical strike and weather-related factors, while AI continued to suppress hiring in some industries

CPI Macro analyst Stephen Brown discusses the March nonfarm payrolls employment report, pointing out that a strike in the healthcare industry has ended and that weather factors have hindered hiring, helping to drive an employment rebound. However, rising oil prices may affect near-term demand; falling consumer purchasing power will curb hiring. Employment is declining in areas such as information and financial services, and artificial intelligence is also suppressing hiring in some industries.

Trump’s budget proposal is expected to show actual GDP growth of 3.1% for fiscal year 2027

Gate News updates, April 3. The Trump administration’s budget proposal is expected to have the U.S. real GDP grow by 3.1% in fiscal year 2027.

U.S. services sector fell into contraction for the first time in three years, with the annualized growth rate for March dropping to 0.5%

S&P Global Market Intelligence analysis shows that the U.S. economy is facing upward price pressures and uncertainty, with the services sector contracting for the first time since January 2023. In March, economic growth slowed to just 0.5%. Consumer-facing service industries have been hit hard, with rising costs and a decline in purchasing power leading to a drop in spending; in the future, consumer price inflation could accelerate to nearly 4%.

Offchain Labs proposes that Ethereum L2 needs to introduce a responsive pricing mechanism to support large-scale scaling

At EthCC 2026, Offchain Labs’ Edward Felten said that Ethereum L2 networks need to introduce a “responsive pricing” mechanism to reduce fee volatility and support hundreds of millions of users. Even though EIP-1559 has improved fee mechanics, Gas price volatility still affects user acceptance. Today, the industry focus has shifted to how to make costs more predictable—Arbitrum One has already been the first to put a dynamic pricing mechanism into practice.

Carson Group strategist: The latest nonfarm payroll data puts the Federal Reserve in a difficult situation, and last year’s rate cut was a mistake

Gate News update, April 3, Carson Group’s Chief Macroeconomic Strategist Sonu Varghese said that the latest labor data show that the economy’s new job growth is sufficient to keep pace with population growth. He noted that this will put the Federal Reserve in a more complicated position, making rate cuts pointless—especially given the size of the inflation shock that’s coming. He added that the inflation problem already existed before the Middle East crisis that sent energy prices soaring, and in the end, it appears that the rate cuts implemented last year were a mistake.

After the Nonfarm Payrolls data was released, the U.S. Dollar Index (DXY) jumped in the short term to 100.1, while non-U.S. currencies broadly fell.

Gate News message, on April 3, after the Non-Farm Payrolls data was released, the U.S. Dollar Index DXY (a measure of the dollar’s strength versus a basket of currencies) surged sharply in the short term, topping out at 100.1. Non-U.S. currencies generally fell; EUR/USD and GBP/USD both dropped nearly 30 points in the short term.