The upcoming Federal Reserve meeting will focus on labor market dynamics, economic growth trends, and inflation indicators to assess the effectiveness of current policies. If it is found that existing measures are insufficient to address economic challenges, the Federal Reserve may consider adjusting its policy direction.

Recently, Federal Reserve Chairman Powell explicitly stated that there are signs of "instability" in the job market, which sends an important signal: before the monetary policy meeting in October, the direction of macro policy will mainly depend on the performance of employment data. Therefore, the upcoming non-farm payroll data will become a key indicator closely watched by the market.

According to the swap rate data from the CME (, the market's expectation probability for a rate cut by the Federal Reserve in October remains around 91.9%, which is basically unchanged from the statistics at the beginning of this week. It is noteworthy that this expectation has not changed significantly even after Powell's recent speech.

In the short term, this week's events related to the Organization of the Petroleum Exporting Countries )OPEC( may have a slight impact on interest rate cut expectations. However, from an influence perspective, the non-farm payroll data to be released next week will undoubtedly have a more significant and decisive impact on market expectations.

Currently, the cryptocurrency market is undergoing a round of adjustments, with major tokens such as SOL, BNB, and XRP being affected. This trend is closely related to the uncertainties in the overall financial market, and investors are closely monitoring the Federal Reserve's policy direction and its potential impact on various assets.