At 22:10 in the evening,

US economic data S&P Global Services PMI and ISM Non-Manufacturing PMI were released.

The final value of the US S&P Services PMI in May was 54.8, which was in line with expectations and the same as the previous value. The impact of a single data was small.

The US ISM Non-Manufacturing PMI in May was 53.8, which was much higher than the expectations and the previous value. A single data was slightly negative.

Although the single data has little impact, on the whole, the US service industry index in May remained strong. At the same time, the high expected rise in non-manufacturing also proved that the US economy continued to remain strong. These two data may bring greater pressure to the US inflation data in May.

However, there is no need to worry about the sentiment brought by inflationary pressure this week. The focus is still on the unemployment rate and the big non-agricultural data on Friday. But why do I feel that if the unemployment rate and the big non-agricultural data cannot bring much positive this week, how can the CPI risk market usher in negative sentiment next week?

At present, the market's expectation for the Fed's interest rate cut in September is still 50%, and we will continue to pay attention to it later. $BTC

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