😂 I've been drinking too much today, and I'm still here now. I was supposed to be analyzing the non-farm payroll data right away, but it's already gone cold. The unemployment rate rose to 4.2%, which is still within the Fed's expectations. Non-farm payrolls totaled 73,200, a significant decrease from the pre-adjusted figure, but significantly higher than the adjusted present value. Wages are rising at both the annual and monthly rates, demonstrating that the US economy is still strong, with labor force growth being well-organized and employment strong. This is relatively favorable for a Fed rate cut, but one month's data is unlikely to change the Fed's decision, and the unemployment rate hasn't exceeded the Fed's expectations. Unless it exceeds 4.3%, expectations of a Fed rate cut will increase, otherwise it won't be significant. The current focus is still on the game between Trump and Powell. This article is sponsored by #Bitget | @Bitget_zh