U.S. Non-Farm Payrolls Data will be released tonight, and the results will have a significant impact on the Fed's September interest rate decision.

By: theblockbeats.news|2025/08/01 16:52:18
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BlockBeats News, August 1st, the July employment report to be released at 8:30 p.m. Beijing time on Friday is expected to show an addition of 110,000 jobs, a significant decrease from June's 147,000; the unemployment rate is expected to tick up from 4.1% to 4.2%; the average hourly earnings are expected to rise by 0.3%, higher than June's 0.2%. If the forecast is accurate, it will reinforce the view of a slowing job market, although not necessarily requiring a response from the Fed.

Earlier this week at the interest rate meeting, Powell did not provide guidance on the September rate decision, indicating that there is a lot of data to be released before then, and Friday's July nonfarm payroll report will be a piece of the puzzle that will help shape expectations for a September Fed rate cut.

Analysts point out that if nonfarm payroll data is below 100,000 and the unemployment rate rises, it may suggest a weakening job market, dampen the Fed's rekindled hawkish expectations, and put pressure on the dollar, which would favor a gold price rebound.

However, if nonfarm payroll data unexpectedly exceeds 150,000, the strength of the dollar may continue, as strong U.S. employment data could rule out the possibility of two Fed rate cuts this year. (FXStreet)

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