NFP Preview: US Jobs Report & Market Impact
Posted 10 hours ago number 0
The NFP report will provide insight into the health of the US labor market and could influence the Federal Reserve’s interest rate decision.
The consensus forecast is for a gain of 160,000 jobs, with the unemployment rate expected to hold steady at 4.2% and average hourly earnings at 4.1% YoY.
The Federal Reserve closely monitors wage growth as a leading indicator of inflation, which could influence its policy decisions.
The US Dollar Index is trading at a two-year high, and the NFP report could act as a catalyst for further gains or a potential pullback.
