Non-farm data released: unemployment rate exceeded expectations and reached 4%, which is positive, while non-farm data was higher than expected at 272,000, which is negative! Powell is really awesome, he is so good at playing! !
First of all, the unemployment rate exceeded many investors' expectations and rose to 4%, which is indeed in line with the Fed's expectations, especially what Powell said last time, that if it exceeds 4%, the pace of interest rate cuts will be reconsidered (meaning to speed up the pace of interest rate cuts). Generally speaking, the rise in unemployment rate brings about a decline in employment, but today's data is the same as what I said before. Although the unemployment rate has risen, employment is also rising, and it has risen sharply, directly rising by more than 100,000 people
