US Nonfarm Payrolls July 2026 Preview: What It Means for Bitcoin and Fed Rate Cuts
Overview The Bureau of Labor Statistics releases the July employment report on Friday, August 7 at 8:30 a.m. ET, the most consequential labor market reading before the September FOMC meeting. The reason markets care is direct. The Fed held rates at 3.50% to 3.75% on July 29 in an unusual 9 to 3 vote, with three regional presidents pushing for an immediate quarter point hike, meaning cuts are barely in the pricing at all. June payrolls, meanwhile, rose just 57,000 against a consensus near 115,000