According to BlockBeats, the upcoming U.S. employment report—scheduled for release at 8:30 PM UTC+8 on Friday—is expected to show a gain of 110,000 jobs, marking a notable decline from June’s 147,000. The unemployment rate is projected to tick up slightly from 4.1% to 4.2%, while average hourly earnings are forecast to rise by 0.3%, compared to 0.2% in June. If these forecasts are accurate, they would signal a cooling labor market, though likely not enough to trigger an immediate response from the Federal Reserve.

Earlier this week, Fed Chair Jerome Powell, during the latest monetary policy meeting, declined to offer forward guidance on the September rate decision, citing the need for more economic data. Friday’s July non-farm payrolls report will be a key factor in shaping expectations for a potential rate cut.

Analysts note that if non-farm job growth drops below 100,000 and unemployment rises, it could point to a weakening labor market. This would likely soften the Fed’s hawkish tone and weigh on the U.S. dollar, potentially boosting gold prices. On the other hand, if job growth surprises to the upside—exceeding 150,000—it could reinforce dollar strength and diminish the likelihood of two rate cuts this year.

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