According to Jinshi, Seema Shah, chief global strategist at Principal Asset Management, said that the non-farm payrolls report weakened expectations of three rate cuts, but the average hourly wage data was in line with expectations. Powell made it clear in his recent speech that a strong labor market is not a problem if price pressures ease. Next Wednesday's CPI report is crucial for interest rate expectations. Today's report should reassure the market that if the Fed does not cut interest rates in June, it is because the economy is still strong and stock market earnings should continue to rise.