[U.S. Interest Rate Futures Market Indicates Decline in December Rate Hike Expectations] According to Jinshi reports, pricing in the U.S. interest rate futures market shows that the expected rate hike by December is 28 basis points, lower than the 32 basis points prior to the release of non-farm payroll data. AI Interpretation: The non-farm payroll data has directly reshaped the market's expectations for the Federal Reserve's monetary policy path. The performance of the labor market has forced traders to lower rate hike pricing, reflecting a reduced concern over the risks of economic overheating. This adjustment signifies that the interest rate futures market is aligning with more moderate tightening expectations. The data has become a core anchor influencing short-term rate decisions, directly weakening the necessity for aggressive rate hikes.