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This Friday, the United States will announce non-farm employment data for August, which may have a significant impact on the Federal Reserve's decision-making

This Friday, the United States will announce non-farm employment data for August, which may have a significant impact on the Federal Reserve's decision-making

Bitget2024/09/02 03:52

According to the schedule, this Friday the United States will announce non-farm employment data for August. According to economists' predictions compiled by Bloomberg, the number of new jobs is expected to be between 100,000 and 208,000, with a median of 163,000. The unemployment rate is expected to gradually decline to 4.2%. As economic growth becomes the only focus of the market, these data could potentially affect market sentiment. It's worth noting that previously in July, non-farm data triggered a general downturn in capital markets at the beginning of August.

Powell previously stated at the Jackson Hole Central Bank Annual Meeting in Wyoming that "the direction forward for future policy is clear", but "the timing and pace of interest rate cuts will depend on new data, constantly changing prospects and balancing risks".

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