How to say that the data from the Bureau of Labor Statistics is amazing?

CN
Phyrex
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8 hours ago

The data from the Bureau of Labor Statistics is truly remarkable. The market estimated the unemployment rate to be 4.2%, Bloomberg expected it to be 4.4%, but the actual unemployment rate is 4.1%. Not only did the unemployment rate not rise, but it also decreased by 0.1%. Additionally, non-farm employment increased from last month's 212,000 to 256,000, exceeding expectations by nearly 100,000. This indicates that the U.S. economy remains very strong, which suggests that the Federal Reserve will not be in a hurry to cut interest rates.

You could say this is positive news, and it indeed is, as the U.S. economy is strong. Conversely, it could also be seen as negative news, since the possibility of the Federal Reserve cutting rates one or two more times has temporarily diminished. However, the current data is consistent with Tuesday's job vacancies.

From the perspective of the U.S. dollar index, the dollar has nearly broken through 110, which is not a good sign. Other data is relatively similar, and wage data is within expectations. Overall, this number is not very friendly for investor expectations, but it certainly isn't bad; it just means that investors' risk appetite will decrease. For the risk market, this indicates that the Federal Reserve will maintain expectations for two rate cuts.

The sentiment is likely to be not very good in the next couple of days.

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