Tonight at 21:30, the U.S. Bureau of Labor Statistics will release the January 2026 Non-Farm Payrolls report.

Market consensus expectations:
• New non-farm jobs: approximately 70,000 (previously 55,000)
• Unemployment rate: maintained at 4.4% (previously 4.4%)
• Average hourly earnings year-over-year growth rate: expected 3.6%-3.7% (previously 3.7%)
• Annual benchmark revision: expected to significantly revise downward previous data (previously unadjusted last year's data)
Potential impacts on financial markets:
🔹 If new jobs are significantly below expectations (far below 70,000), unemployment rises, or the annual benchmark revision is substantially downward → indicates a weak labor market, expectations of Fed rate cuts increase, stocks and cryptocurrencies may rise, the dollar weakens, and bond yields decline.
🔹 If employment data meets or exceeds expectations (close to or above 70,000 new jobs, unemployment remains low, minimal revision) → indicates a stable labor market, the Fed is expected to maintain interest rates, the dollar may strengthen, stocks and crypto assets may face short-term pressure, and bond yields may rise.
#非农 # Federal Reserve rate cut #cryptocurrency