Market sentiment is like a roller coaster ride. First, the plunge caused panic among bulls, and now there is news that bears may be hit! Where were those people who were so sure that the Fed would cut interest rates yesterday?

Derivatives traders are reportedly becoming more uncertain about the outlook for the US economy. Although the recent non-farm payrolls report showed that job growth exceeded expectations, data from previous months were revised downward and the unemployment rate also rose. Nevertheless, the rise in US Treasuries and the decline in yields still support traders' view that the Fed will cut interest rates twice this year. Their expected probability has reached 100%, especially the probability of a rate cut as early as September is about 76%.

Jeff Klingelhofer, co-head of investment at Thornburg Investment Management, said: "I think there is still room for U.S. Treasuries to rise. Chairman Powell's recent statement shows that he is inclined to start a mild easing cycle. The labor market is gradually returning to a better balance, and the downside risks to inflation may cause the economy to slide into recession." Jeffrey Rosenberg, portfolio manager at BlackRock, pointed out: "To consolidate the expectation of a rate cut in September, we still need further data support, especially the inflation data to be released next week, and economic data in the next few months." These views show that the market's expectations for the Fed's future policies are full of variables. Investors should remain vigilant and make timely adjustments based on market dynamics. #BTC☀ #BNB金鏟子 #people创新高 #BOEM If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to view the homepage introduction, professional investment research for twelve years, your 24-hour wealth appreciation expert, free guidance!