$BTC Non-farm payrolls data reflects the overall health of the U.S. labor market and employment trends, and has an indicative effect on economic growth, inflationary pressure, monetary policy, etc. For example, if non-farm payrolls data is strong, it is usually regarded as a signal of economic prosperity, which may lead to increased expectations of interest rate hikes; on the contrary, if the data is weak, it may trigger concerns about economic recession or deflation.
【U.S. unemployment rate in May】
Previous value: 3.90% Expected: 3.90% Announced value: 4%
Jinshi data importance rating: ★★★★★
Data release time: June 7, 2024 20:30
The Federal Reserve is currently in a difficult situation and has no choice but to continue to maintain high interest rates in the hope of dragging down some weaker rivals.
But if the US itself lacks the ability to generate sustained revenue and fails to provide key items for currency anchoring, then high interest rates are nothing but empty talk.
Wall Street must gradually abandon the dollar to ensure that the largest reserves and pricing power of the pie are always in the hands of the Americans.
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