Upcoming NFP report expected to show moderate job growth, uncertainty in market reaction to report

From Investing.com: 2025-01-10 06:20:00

The upcoming NFP report is expected to show +164K new jobs, +0.3% m/m earnings, and a 4.2% unemployment rate. Last month’s report exceeded expectations, but this month’s forecast is more moderate. Leading indicators point to job growth in the 150-200K range. The US Dollar Index is trending higher, indicating potential short-term weakness. The report will be released on January 10. Traders are cautious about further interest rate cuts by the Fed. The market reaction to the NFP report is uncertain, but the US dollar remains in an uptrend.



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