Fed Policy in Focus With 70,000 Nonfarm Payrolls Increase Expected

The United States (US) Bureau of Labor Statistics (BLS) will release the delayed Nonfarm Payrolls (NFP) data for January on Wednesday at 13:30 GMT. Volatility around the US Dollar (USD) will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates. What to Expect From the Next Nonfarm Payrolls Report? The BLS reported early last week that it had postponed the release of the official employment report, originally scheduled on Friday, due to the partial government shutdown. After the US House passed a package on Tuesday to end the shutdown, the agency announced that it will release the labor market data on Wednesday, February 11 source: https://beincrypto.com/us-nonfarm-payrolls-nfp-usd-eurusd-outlook/