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NFP Preview: Is the US Dollar Poised for a Bounce Back?
The February NFP report will be released on Friday, March 8, at 8:30 ET. NFP Report Expectations: Traders and economists expect the NFP report to show that the US created 198K net new jobs, with average hourly earnings rising 0.3% m/m (4.4% /y) and the U3 unemployment rate ticking holding steady at 3.7%. NFP Overview The US economy got off to a strong start to 2024, and this week’s NFP report will show whether that momentum carried over into February. In another busy week for the Fed Chairman, Jerome Powell reiterated to Congress that he still expects to cut interest rates this year as long as the economic data ... (full story)