At 8:30 tonight, the US unemployment data will be released!
This data is crucial because the Fed has shifted the reference standard for interest rate cuts from inflation data to unemployment rate. The unemployment rate has hit a record high of 4.1% in the past two months, so this month's data is particularly critical.
If the unemployment rate hits a new high again, the Fed is likely to cut interest rates in advance, and the probability of a rate cut in September will exceed 90%. The release of data tonight will cause violent fluctuations in the market, so please pay close attention!
