CoinWorld.net April 4 News, Huatai Securities believes that the unexpected rebound in non-farm payrolls in March shows resilience in the U.S. labor market. However, under the conflict in the Middle East, high oil prices have a more significant impact on inflation expectations and are more critical to Federal Reserve monetary policy. Recently, the Middle East conflict has continued to escalate, with the blockade of the Strait of Hormuz causing a supply gap in crude oil, pushing up oil prices and inflation expectations. Currently, inflation is the core variable of the Fed's monetary policy. The dual goals of employment and inflation give the Fed some room to maneuver, avoiding rate hikes to combat inflation, and with inflation expectations rising, even if the Fed does not raise interest rates, the Treasury yield curve may shift upward, effectively tightening monetary conditions.