Last week, the US announced the first quarter economic growth rate and PCE inflation index, both of which recorded a decline, continuing to consolidate the Fed's expectations of rate cuts.

Starting this week, Fed officials will enter a silent period before the interest rate meeting. In terms of data, the US will release May non-farm employment data and unemployment rate this Friday. The non-farm employment and unemployment rate released previously have begun to show signs of fatigue. Let's see whether this week will continue to be weak and make way for a smooth rate cut. Powell has previously publicly stated that the unexpected deterioration of the labor force will push the Fed to cut interest rates faster. Please look forward to Friday's non-farm data!