Yesterday's data performed poorly, and Fed Chairman Bostic also announced that interest rates would be cut in the fourth quarter.

However, there are two important data worth paying attention to: next week's non-farm payrolls and the CPI data the week after next. The actual non-farm unemployment rate in May was 3.96%, which is not much different from the expected 3.9%.

According to market expectations, the number of non-farm payrolls in the United States in June 2024 is expected to be 180,000, which is lower than the actual data of 272,000 in May, but higher than the actual data of 175,000 in April.

If the non-farm data in June meets or exceeds expectations, it may be regarded as positive by the market. However, the specific impact needs further observation.