The non-farm data has been updated, and overall it aligns with market expectations. The unemployment rate remains at 4.1%, and the non-farm payroll has exceeded market expectations by more than twice, indicating that the economic environment in the United States is still quite good. Furthermore, the annual and monthly wage growth rates are one exceeding expectations and the other meeting expectations, both indicating that the economy is still far from recession.
Especially for those who know that the Federal Reserve's interest rate adjustments mainly consider inflation and employment, good employment data is generally favorable. However, for the current circumstance where everyone hopes for at least no interest rate hikes, this data is bad.
This does not help in avoiding interest rate hikes; on the contrary, the good data could actually allow the Federal Reserve to withstand the consequences of raising interest rates.
In fact, I did not buy any dual currency today, just waiting to see the non-farm data before making any decisions, considering it’s Friday and buying would mean three days, so it’s wise to be cautious.
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