Therefore, Powell is likely to maintain a hawkish stance to suppress market rate cut expectations before the US Non-farm Payrolls (NFP) data on September 5th, and then switch to a dovish stance after September 5th. The market expects the Non-farm Payrolls to increase from 73,000 to 88,000; as long as the data is greater than expected, it is Favourable Information. This is because the market previously believed that the employment rate was poor, leading to expectations of an economic recession, which formed a recessionary rate cut expectation. In that case, the market would also fall after a rate cut; as long as the data exceeds expectations, it is favourable for the market, although it is not beneficial for the Fed to cut rates.