The most asked question for today is whether the nonfarm payroll will be released as expected or will it be delayed to next week, just like what it did in 2018?
As per the US Bureau of Labor Statistics, the announcement has been made on the suspension of the Federal government services, which also means all the labor data is currently unavailable and may only be published once the operation resume. This data is also included in employment situations such as the nonfarm payroll, unemployment rate, and average hourly earnings, which we previously expected to see tonight.
Besides, Elizabeth Warren, a democratic senator, warned Trump to release the Job reports this Friday, as delaying this data would lead the FED to have less time reviewing the data on time before making the interest rate on October 30, 2025.
For now, data is not officially delayed to another week, as this discussion has not fully ended yet. But one thing is for sure: former BLS employees know that the labor data has been collected and likely ready to be released.
So now, all the decisions will fall on Trump’s approval.
- If Trump approves the release of this data on time, the data will come on time, although this may cause big volatilities.
- If not, then the data will be postponed to October 10, 2025, in accordance with the economic calendar on investing.com.
***Once again, this labor data only comes out this week if Trump approves.
Other than that, here comes the news for last night’s gold reaction.
The gold price dropped by more than 1.5% at 8:30 PM GMT+7 due to two reasons:
- A continuous profit-taking from the market as the market reached a high once again.
- The Federal Reserve’s Logan hawkish speech, as she still sees an inflation problem, albeit she expects to see a slight rise in the unemployment rate. She cautiously warned of an aggressive rate cut, which the FED should carefully assess based on the data.
