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Has the US labor market still been "strong"? Media reported that non-farm payrolls data for the first two months were significantly revised downward.
"New American News Agency" stated that although the non-farm data in June is not enough to make the Fed cut interest rates at the July meeting, it is likely to cause a more intense debate on cutting interest rates in September at the July meeting.
"Fed's top three": Although there has been progress in inflation control work, it has not been completed yet.
On Friday, New York Fed President Williams delivered a speech at an event in Mumbai, India, stating that despite recent declines, inflation rates are close to the Fed's target of 2%, and Williams emphasizes policymakers still need to continue efforts to achieve this goal.
Fed Monetary Policy Report: Inflation slows, confidence still needed before rate cuts, closely watching next week's Powell hearing!
The report summarizes the state of the US economy in the first half of this year and the execution of the mmf policy by the Federal Reserve, which is almost consistent with the discussions in previous Federal Reserve meetings.
Top 20 turnover | Tesla has risen for 8 consecutive days, up more than 27% this week, with a total transaction volume of over 38 billion US dollars.
On Friday, Tesla was the top volume trading company in U.S. stocks, rising 2.08% for the eighth consecutive trading day, and the stock price hit a new six-month high with a transaction volume of $38.342 billion. The stock has risen more than 27% this week, wiping out most of its losses this year. Nvidia, ranked 2nd, fell 1.91% with a transaction volume of $27.207 billion. Apple, ranked 3rd, rose 2.16%, with a transaction volume of $13.591 billion.
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
US stock pre-market: the three major indices have mixed gains and losses, with large tech stocks generally rising, with Tesla, Apple, Amazon, and Microsoft all up more than 1%; China concept stocks fell across the board, with Xpeng down nearly 10% and NIO
The US stock market opened flat on Friday, and the three major stock indexes in the US will all record gains this week. The number of new non-farm jobs added in June in the United States fell sharply, and the unemployment rate unexpectedly climbed to 4.1%, reinforcing the reason for the Federal Reserve's interest rate cuts.