🚨NEWS IN: NONFARM PAYROLLS BENCHMARK REVISION To BE RELEASED TONIGHT 🔥🔥🔥
September 9th: Tonight at 17:00 EAT, the US Department of Labor will announce the critical annual benchmark revision for non-farm payrolls. The previous value stood at -59.8k. This isn't just another data point; it's a comprehensive adjustment that rewrites the official employment narrative for the past year, providing a far more accurate picture of the labor market's true health.
The immense significance of this revision lies in its direct influence on the Federal Reserve's interest rate decisions. In August, Chair Powell effectively conceded to market expectations, and a September rate cut is now fully priced in, largely due to cited labor market weakness. A significant downward revision tonight would validate this dovish pivot, while an upward adjustment could unsettle markets by challenging the rationale for imminent easing. All eyes are on this release.
Discl.: NOT financial advice, DYOR.
