Due to the surprise of non-farm data, many Wall Street investment banks adjusted their forecasts of the Fed's interest rate cuts, including:

1. Goldman Sachs: The Fed's expectation of a 25 basis point rate cut this year has been increased to three times, and a 50 basis point rate cut in September is not ruled out.

2. Citi: The Fed will cut interest rates by 50/50/25 basis points in September, November and December, respectively, and the previous expectation was 25 basis points.

3. Bank of America: The Fed is expected to start cutting interest rates by 25 basis points in September, while the previous expectation was December.

4. JPMorgan Chase: The Fed is expected to cut interest rates by 50 basis points in September and November, and cut interest rates by 25 basis points at each meeting thereafter.