#NFPWatch

The June U.S. Non-Farm Payrolls report surprised to the upside, adding 147,000 jobs, beating expectations. The unemployment rate fell to 4.1%, signaling a resilient labor market. Meanwhile, average hourly earnings rose by 0.2%, showing cooling wage inflation. This data has led markets to reassess expectations for a Fed rate cut, likely delaying it further. The U.S. Dollar Index (DXY) strengthened while equity markets remained steady. Traders are now closely watching upcoming inflation data and Fed commentary for further clues. Overall, the strong jobs report reinforces confidence in the U.S. economy.

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