Analyst: Nonfarm payroll data may serve as a "touchstone" to test the Federal Reserve's rate cut decision last week

According to Odaily, analyst Chris Anstey stated that today's non-farm payroll report can be considered crucial for Federal Reserve policymakers. Although the next interest rate decision will not be made until January 28, by which time the Fed will have access to December data, from this perspective, this report is not a decisive factor. However, depending on the results, it is likely to influence people's judgment on whether last week's rate cut decision was wise. There was a clear division within the Fed during last week's interest rate decision. If today's employment data is weak, the rate cut decision will appear quite prescient; conversely, if the job market remains robust, it will undoubtedly strengthen the position of officials advocating for a delay in rate cuts. (Golden Ten Data)