**US short-term interest rate futures fall as traders bet on a 25 basis point rate cut**

Hi everyone! Today we are going to talk about US economic data and its impact on the market. On September 19, as soon as the US economic data was released, the market made a big move. Short-term interest rate futures fell in response, and traders bet on the Fed to cut interest rates by 25 basis points. Isn't it interesting? 😄

**Unexpected surprise in the job market**

First, let's take a look at the job market. Last week, the number of first-time applications for unemployment benefits in the United States unexpectedly fell, which is big news! The data showed that job growth accelerated in September. This is in stark contrast to previous data that showed that the labor market has cooled significantly, with both hiring and job openings declining. These data once made everyone worried about the prospects for economic expansion.

**Layoffs are still low**

However, today's data gave us some good news. Layoffs are still low, which means that the job market is still healthy. According to the report, the number of unemployed people fell by 14,000 to 1.829 million in the week ending September 7. The figure has fallen from a more than two-and-a-half-year high hit in July.

**Impact of policy changes**

It is worth mentioning that this change is mainly attributed to policy adjustments in Minnesota. The state allows non-teaching staff to apply for unemployment benefits during the summer vacation, which has reduced the number of unemployed people to a certain extent. The initial jobless claims that will continue to be released next week may provide more clues to the health of the job market in September.

**Market reaction**

The market's reaction to these data is also interesting. Short-term interest rate futures fell, and traders bet that the Federal Reserve will cut interest rates by 25 basis points. This market reaction shows that everyone is full of expectations for future economic policies.

**Welcome to interact**

Well, today's news is here! What do you think of the US economic data and market reactions? Welcome to share your views and insights in the comment area, let's discuss together!