The US Non-farm Payrolls data will be released tonight, and its results will significantly impact the Fed's interest rate decision in September. At 8:30 PM Beijing time on Friday, the US will publish the July employment report, which is expected to show an increase of 110,000 jobs, lower than June's 147,000; the unemployment rate may rise from 4.1% to 4.2%; the average hourly wage is expected to increase by 0.3% month-on-month, higher than June's 0.2%. If the predictions are accurate, it will highlight a slowdown in the labor market.



At this week's policy meeting, Powell did not comment on the September interest rate decision, stating that there is still a lot of data to be released, with the July US Non-farm Payrolls (NFP) report being key to expectations of a rate cut in September. Analysts believe that if the non-farm employment data is below 100,000 and the unemployment rate rises, it may weaken the labor market, dampening the Fed's hawkish expectations, putting pressure on the dollar and causing gold prices to rebound; if it exceeds 150,000, the dollar may strengthen, possibly ruling out the Fed's potential for two rate cuts this year.
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· 08-01 19:44
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· 08-01 09:11
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