US Non Farm Payrolls (Jan) 130K vs. Exp. 70K (Prev. 50K, Low. -10K, High. 108K); Two-month net revisions: -17K (prev. -76K)

• Says that the January winter weather had no discernible impact on the jobs data.
• January weather impacted a collection of household data.

The US Non-Farm Payrolls for January came in significantly higher than expected, indicating a robust job market and potentially altering the outlook for economic growth. The downward net revisions suggest some caution in previous data, but the strong beat may compel the Fed to reassess its policy stance sooner rather than later, especially as weather was not a factor in this print. Overall, this suggests upward pressure on rates may follow as the employment landscape appears stronger than anticipated.