Golden Finance reported that S&P Global Market Intelligence said next Friday's U.S. monthly employment report (including non-farm employment data) will provide the latest clues about the strength of the labor market. Although January data showed lower-than-expected job growth, it also showed that the unemployment rate fell from 4.1% to 4.0%, and wage growth rose from 3.8% to 4.1%. As a result, labor data are widely believed to support the Fed's shift to slowing down rate cuts this year, "although more signs need to be waited for how the economy has been in the past year."