Heavy data is about to be released, and the market is paying attention to Federal Reserve Chairman Walsh's speech next week.

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According to the schedule, the US June nonfarm payroll report will be released next Thursday. Due to the US Independence Day holiday next Friday, the data will be released one day earlier than usual. US financial markets will also be closed next Friday. Some analysts pointed out that if the employment data exceeds expectations, it could further strengthen the market's expectations for a Federal Reserve rate hike, especially against the backdrop of Fed Chairman Kevin Warsh and the June meeting minutes sending a "hawkish" signal. Doug Huber, Deputy Chief Investment Officer at Wealth Enhancement, said, "If the employment data is very strong, I don't think the market will necessarily view it as good news. Instead, it will see the economy as overheating and start to further price in the risk of future rate hikes." The market will focus on Warsh's speech on the evening of July 1. If Warsh continues to strike a "hawkish" tone at the forum, it will further strengthen the market's expectations for a Fed rate hike.
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