1123 ET - As investors and economists await January's job report, annual payroll revisions will be one of the main focuses Wednesday. As Fed policymakers determine the benchmark interest rate based on the assessment of the jobs report, BofA Securities says they are unlikely to materially shift policy decisions if revisions are around 800,000 -- especially those revisions are focused in the second half of 2024. On the flip side, larger downward revisions of at least one million or clean evidence that job growth weakened meaningfully in early 2025 would suggest there may be more of a case to cut interest rates, the note says. A meaningful unemployment rate move either way would provide a clear signal amid the noise of revisions, the note adds. (jessica.coacci@wsj.com; jessica_coacci)

(END) Dow Jones Newswires

February 06, 2026 11:23 ET (16:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.