At 8:30 tonight, pay close attention to the non-agricultural data.
Be wary that it may subvert the market’s general expectations for the path of interest rate cuts!
The consensus forecasts from Wall Street’s top financial institutions for the upcoming June non-farm payrolls report are as follows:
The U.S. unemployment rate is expected to remain stable at 4%; seasonally adjusted non-farm payroll growth,
The market is generally expected to reach strong growth of about 190,000 people; as for the monthly growth rate of average hourly earnings, it is forecast to rise moderately to 0.3%, slightly lower than the 0.4% in the previous month, while the annual growth rate is expected to slow to 3.9% , a significant correction compared to 4.1% in the previous period; in addition, the labor participation rate is also expected to increase slightly, from the current level of 62.5% to 62.6%, showing subtle changes in the labor market.
This series of data will not only directly reflect the current employment situation and health of the U.S. economy, but will also serve as an important reference for the Federal Reserve's future monetary policy adjustments, especially in terms of interest rate cut expectations. Any non-farm performance that deviates from expectations may trigger violent market fluctuations. .
Therefore, we need to remain highly vigilant and pay close attention to the non-agricultural report released at 8:30 tonight.
To accurately capture market dynamics and adjust investment strategies in a timely manner.
