🔶 Tonight's non-farm data, good or bad?
Non-farm data determines whether the Fed is willing to cut interest rates.
One of the important indicators is the unemployment rate. The unemployment rate is expected to be 3.9% this time. If the unemployment rate is higher than expected, the Fed will consider cutting interest rates.
After the interest rate cut, the market will be given more easing, more money will flow into the market, and the relative unemployment rate will also decrease. Such a mechanism will be used to regulate the entire market.
The European Central Bank has already started to cut interest rates, and I believe that the Fed's interest rate cut process will not be too far away.
