Summary
The Global Non-Farm Payrolls (NFP) data release is a key economic indicator that reflects the number of jobs added or lost in the U.S. economy, excluding farm workers, government employees, and a few other job categories. This data is released monthly and influences market expectations regarding the health of the labor market and the broader economy.
Recent discussions highlight the significance of the upcoming NFP data, particularly in the context of the Federal Reserve’s monetary policy and the global rate-cutting cycle. Analysts from Deutsche Bank have indicated that September marked a pivotal moment in this cycle, with expectations that the U.S. labor market’s performance will substantially impact future rate decisions not just in the U.S., but globally. The NFP data is anticipated to provide insights into employment trends, which are crucial for assessing economic stability and guiding monetary policy. As the market braces for the release, the interplay between labor market conditions and potential rate cuts remains a focal point for investors and policymakers alike.
Global Rate-Cutting Cycle Shift in September: What Comes Next?
Oct. 3 / Forexlive / Offers a thorough analysis of the global rate-cutting cycle shift, emphasizing the fragility of the U.S. labor market and its implications for monetary policy, providing a critical context for the anticipated NFP release. “ Deutsche Bank with a note arguing that September marked a significant shift in the global rate-cutting cycle, highlighting the importance of the Federal...
Why Bitcoin's 'Uptober' Won't Be A Smooth Ride: It's The Election, Silly
Oct. 2 / Benzinga / Highlights the cautionary perspective of economist Alex Krüger on market optimism amid U.S. election uncertainty, offering unique insights into Bitcoin's potential volatility and its relation to upcoming NFP data. “ Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as "Uptober", highlighting the looming uncertainty of the...