Forecast: Tonight's battle over the unemployment rate and US Non-farm Payrolls (NFP) will become a key catalyst for what follows.


CoinVoice has recently learned that the US Non-farm Payrolls (NFP) data for September, originally scheduled for release on October 3, has been delayed to tonight due to the US government shutdown. Before the shutdown, the US Bureau of Labor Statistics had already completed the collection and statistical work for the data, so it will not cause systemic biases in the data itself, and the impact on data quality is limited. During the previous October interest rate meeting, the Federal Reserve further lowered interest rates in light of insufficient reference data but did not commit to the subsequent interest rate path. Powell stated at that time that a rate cut in December is not "set in stone" and that the October rate cut was a "risk management-style cut," while also indicating serious internal divisions within the Federal Reserve. As the first important economic data released after the end of the US government shutdown (although it is delayed), if it provides new signals, it may become a key catalyst for the subsequent market trend. Important macro data to be released tonight at 9:30 PM Beijing time includes: the US unemployment rate for September, the seasonally adjusted non-farm employment population for September, and the number of initial jobless claims for the week ending November 15.
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