Live Coverage: First Nonfarm Payrolls for 2025 set to rock shaky markets

Can this week get even busier? Nonfarm Payrolls finish a tariff-themed week. Gold, Stocks and the US Dollar are set to rock. 

Nonfarm Payrolls can go anywhere

The Federal Reserve is in no rush to cut interest rates – blame the strong labor market. The US gained 256K jobs in December, smashing estimates and showing the world's largest economy remains exceptional. While inflation is edging lower, the pace of hiring is critical to the next decisions and market moves.

Leading indicators toward January's NFP were mixed. While ADP's private-sector jobs report exceeded estimates, the forward-looking ISM Services PMI showed more moderate expansion. That leaves expectations largely unchanged, and they are below last month's impressive gains.

The US Dollar needs a strong report to rise, while Gold would benefit from soft figures. 

What about Stocks? Investors remain fearful of higher borrowing costs – good news for the economy remains bad news for equities. Shares would rise on a soft report, assuming they are not a a total disaster. 

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