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US Non-Farm Payroll Data for August Expected to Influence Market Sentiment

AI Summary

According to BlockBeats, the United States is set to release its non-farm payroll data for August this Friday. Economists surveyed by Bloomberg predict that the number of new jobs will range between 100,000 and 208,000, with a median estimate of 163,000. The unemployment rate is expected to gradually decrease to 4.2%. As economic growth continues to be the main focus of the market, these numbers could significantly impact market sentiment.

Previously, the non-farm payroll data for July led to a widespread decline in capital markets in early August. Federal Reserve Chairman Jerome Powell, speaking at the central bank's annual meeting in Jackson Hole, Wyoming, stated that the future direction of policy is clear. However, he emphasized that the timing and pace of interest rate cuts will depend on new data, evolving outlooks, and the balance of risks.