Non-farm payrolls surprise leads to a shift in Fed policy: In two weeks, the focus of the decision changes from "to cut or not to cut" to "how much to cut".



The U.S. non-farm data unexpectedly cooled, and the employment situation is bleak, casting a shadow over the economic outlook. With the Fed's interest rate decision two weeks away, the market's focus has shifted from "whether to cut rates" to "the extent of the rate cut." A rate cut to stimulate the economy and alleviate employment pressure has become a high-probability event, with the specific cut range being the core suspense. #非农就业数据来袭#
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