Analysts: Non-farm payroll data may become a litmus test for the Fed's decision to cut rates last week.

Analyst Chris Anstey stated that today's non-farm payroll report is crucial for Federal Reserve policymakers. Although the next interest rate decision isn't until January 28th, when the Fed will have access to December data, making this report less decisive from that perspective, the data results could very well influence judgments about the wisdom of last week's rate cut decision. There was significant disagreement within the Fed regarding last week's rate decision. If today's employment data is weak, the rate cut decision will appear prescient; conversely, a robust job market will undoubtedly strengthen the position of officials advocating for a pause in rate cuts. (Jinshi)