The non-farm payroll report for July will be released tonight at 8:30 PM. The market expects a cooling in the job market:
An increase of 110,000 jobs is expected (compared to 147,000 in June), and the unemployment rate may slightly rise to 4.2%, with hourly wage growth expected to exceed June.
This report is crucial for the Federal Reserve's interest rate decision in September. Powell previously stated that more data would be referenced.
If job additions are below 100,000 and the unemployment rate rises, it may support a rate cut in September, which could weaken the dollar and boost Bitcoin; if job additions exceed 150,000, it could dispel expectations for a rate cut this year.
Make sure to set the handbrake tonight. Fans in the fog, pay attention to Xiaowan, share your thoughts tonight, and let's push forward together!
