S&P: Next week's U.S. non-farm payroll will be an important basis for the Federal Reserve's future actions

ChainCatcher news, according to Jinshi reports, S&P Global Market Intelligence indicates that next Friday's U.S. monthly employment report (including non-farm payroll data) will provide the latest clues about the strength of the labor market.

Although January's data showed that job growth was below expectations, it also indicated that the unemployment rate fell from 4.1% to 4.0%, and wage growth increased from 3.8% to 4.1%.

Therefore, labor data is widely regarded as supporting the Federal Reserve's shift to a slower pace of interest rate cuts this year, "although more signs are needed to indicate how the economy has fared since the presidential election."