US Dollar:
1. US non-farm payrolls increased by 130,000 in January, far exceeding market expectations and marking the largest increase since April 2025.
2. Following the release of the non-farm payrolls data, traders reduced their expectations for a Fed rate cut, causing the dollar to surge and non-US currencies to fall across the board.
3. Trump praised the non-farm payrolls data, again urging the Fed to cut rates to the "lowest in the world."
4. Fed's Hamack: The unemployment rate appears to be stabilizing.
5. Fed Governor Milan: January's employment data does not preclude a rate cut.
6. Acting Chairman of the White House Council of Economic Advisers Yared: The jobs report was strong, with private sector employment exceeding expectations.
7. Fed's Schmid: Supports maintaining interest rates at a "somewhat restrictive" level.
8. White House Economic Council Director Hassett: Believes the Fed still has ample room to cut rates.
9. The Congressional Budget Office projects a deficit of $1.9 trillion in 2026, roughly the same as in 2025.
10. Reuters poll: 60 out of 101 economists surveyed believe the Federal Reserve will cut interest rates by 25 basis points by the end of June (January survey had no consensus). 49 out of 53 economists surveyed believe the main risk is that the Fed under Kevin Warsh may set monetary policy too loosely.
Other:
1. Bank of Korea official: Closely monitoring the bond market and will respond if necessary.
2. Japan's top foreign exchange official: Despite the yen's strengthening, vigilance remains.
3. OPEC monthly report: Maintained global economic growth forecasts for 2026 and 2027 at 3.1% and 3.2%, respectively.
