U.S. Employment Data Anticipated to Influence Rate Cut Expectations

According to BlockBeats, the U.S. August ADP employment numbers are set to be released tonight at 20:15 UTC+8, with a previous figure of 104,000 and an expected 65,000. Additionally, the initial jobless claims for the week ending August 30 will be announced at 20:30 UTC+8, with a prior count of 229,000 and an anticipated 230,000. Furthermore, the U.S. August unemployment rate and seasonally adjusted non-farm payrolls will be disclosed tomorrow night at 20:30 UTC+8. Analysts have highlighted that the current labor market data is receiving more attention than usual. U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell have made this week's non-farm payroll data particularly significant. If the labor market data falls short of expectations, it could significantly boost the anticipation of interest rate cuts, potentially leading to market speculation about one or more 50 basis point rate reductions. In his speech at the Jackson Hole Symposium, Powell emphasized the economic and employment risks, aiming to balance the rate cut expectations of the U.S. government, market participants, and his colleagues at the Federal Open Market Committee with the inflation risks that tariffs might trigger. Consequently, the impact of this week's data is expected to be considerably heightened.