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Known to the market a day after the FOMC meeting, the US nonfarm payrolls (NFP) report offers traders an all-important read into the robustness of the US labor market, as well as wage pressures, which are the backbone of inflationary pressures.

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The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

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