Non-Farm Payrolls Preview: US Non-Farm Payrolls Report to be Released Tonight, Potentially Catalyst for Fed Policy Shift The US January non-farm payrolls report will be released on Wednesday (February 11). While the market is focusing some attention on inflation, the US non-farm payrolls report to be released later on Wednesday is the real catalyst—it could instantly overturn the Fed's policy narrative and trigger sharp fluctuations in interest rates, the dollar, and risk assets.