PANews reported on March 6th that, according to the latest market pricing, the Federal Reserve may cut interest rates in June. This follows government data showing a decline in US jobs last month. The surge in global oil prices triggered by the conflict with Iran has raised concerns about further inflation, which is currently above the Fed's 2% target. In minutes before the jobs report was released, traders lowered their estimate of a June rate cut to just 35%, but after the data release, the probability quickly rose to around 50%.