It's the first NFP day for the year 2026
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The first NFP day of 2026 focuses on US non-farm payrolls data, crucial for the Fed's outlook. Following a problematic November report due to a government shutdown, today's report is expected to show a 60k increase in payrolls, a slight drop in unemployment to 4.5%, and a 0.3% rise in average hourly earnings. Market scrutiny is heightened ahead of the next FOMC meeting on January 28, where an 86% chance of no rate change is anticipated. Additionally, a US Supreme Court ruling on tariffs may also be announced today.
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