📅Investing Economic Calendar: As for the economic calendar, today there is data on the unemployment rate, non-farm payrolls, the Fed report, etc.
Average hourly earnings: Shows how much average wages are rising. If they grow too much, there could be more inflation and they could maintain rates or even raise them in an extreme case, something that markets do not usually like. If wages increase less than expected, it eases inflation concerns a bit.
Non-farm payrolls: Indicates how many jobs are created in most sectors, except agriculture. A very high number sometimes scares the market because it can rise and influence rates. A more moderate figure is usually better received.
Unemployment rate: Tells us what percentage of people are unemployed. If it rises too much, it is a bad sign for the economy, but it could also lead the Fed to lower rates to boost the labor market.
Fed Monetary Policy Report: Here the Fed tells how it sees the economy and gives clues about whether it will raise or lower interest rates. A calmer tone is pleasing to investors, because it means less upward pressure on rates. A hawkish tone indicates that rates could continue to rise.