Teaser: Tonight's Showdown on Unemployment Rate and Non-Farm Payroll Data to Become Key Market Catalyst
BlockBeats News, November 20: The September non-farm payroll data, originally scheduled to be released on October 3, was delayed to tonight due to the U.S. government shutdown. Prior to the government shutdown, the U.S. Bureau of Labor Statistics had already completed the data collection and statistical work, so it would not cause systemic bias in the data itself, with limited impact on data quality. At the October interest rate meeting, the Federal Reserve further cut interest rates without a commitment to future rate cuts due to insufficient reference data. At that time, Powell stated that the December rate cut was not set in stone and the October rate cut was a risk-management cut, while also suggesting significant internal Fed disagreement.
As the first key economic data release after the end of the U.S. government shutdown (although significantly delayed), if it provides new signals, it could become a crucial catalyst for a subsequent market trend. Tonight at 9:30 PM Beijing time, important macroeconomic data will be released, including: the U.S. unemployment rate for September, the U.S. September seasonally adjusted non-farm payroll employment, and the U.S. initial jobless claims number for the week ending November 15.
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