US NFP FORECAST: NONFARM PAYROLLS GAINS EXPECTED TO COOL IN APRIL
- US Nonfarm Payrolls are forecast to rise by 243K in April, down from March’s 303K gain.
- The United States Employment report will be released by the Bureau of Labor Statistics at 12:30 GMT.
- The US Dollar looks to employment data after the Fed signaled its intention to hold rates higher for longer on Wednesday.
Following Wednesday’s US Federal Reserve (Fed) policy announcements, attention turns toward the high-impact Nonfarm Payrolls (NFP) data, slated for release on Friday at 12:30 GMT.
The US labor market data will be published by the Bureau of Labor Statistics (BLS) and will help determine the scope and timing of the Fed interest rate cuts this year, having a significant impact on the market sentiment and the US Dollar in the near term.
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