ChainCatcher news, according to Jinshi Data, on July 5, the latest data showed that the US labor market is gradually cooling, supporting expectations of interest rate cuts later this year. The data is consistent with other employment reports this week, showing a sharp drop in job vacancies and an increase in the number of people applying for unemployment benefits. The dual slowdown in employment and inflation supports the market's bets on the Fed to cut interest rates as early as September. This employment report is the last report before Fed officials meet later this month, and the market expects the Fed to cut interest rates twice this year.