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

Odaily Planet Daily reports that analyst Chris Anstey stated that today’s non-farm payroll report is crucial for Federal Reserve policymakers. Although the next interest rate decision will be made on January 28, when the Fed will have December data, from this perspective, this report is not a decisive factor. However, based on the data results, it is likely to influence opinions on whether last week’s rate cut decision was wise. There was a clear divergence among Fed officials in last week’s rate decision. If today’s employment data shows weakness, the rate cut decision will seem quite prescient; conversely, if the labor market remains robust, it will undoubtedly strengthen the position of officials advocating for a pause in rate cuts. (Jin10)