Prelude to the Fed's rate cut drama: Will June's non-farm payrolls data become a "turning point of fate"?

Those exciting economic data have once again added a strong touch to the Fed's rate cut drama. In this drama, a key role dubbed as a "turning point of fate" - June's non-farm payrolls data, is about to make a shining debut.

As we all know, Mr. Bostic of the Federal Reserve has revealed to us a preview of the rate cut in the fourth quarter. Before this critical moment of rate cuts, the market still has two unresolved swords - next week's non-farm payrolls data and the CPR data the week after next. The direction of these two data will directly determine the direction of the Fed's rate cut script, and even the changes on the global economic stage.

Especially the June non-farm payrolls data to be released soon, it is like a nuclear bomb about to explode, enough to make the entire financial market tremble. According to current market observers' speculation, the estimated number of non-farm payrolls in the United States in June 2024 will reach a staggering 180,000. Although this number is slightly inferior to the 272,000 in May, it is higher than the 175,000 in April!

This makes people start to imagine, will the June non-farm payrolls data become a positive angel, helping the Federal Reserve to smoothly advance the interest rate cut plan? Will it be like a whirlwind, sweeping the entire financial market, making investors crazy?

Perhaps, the June non-farm payrolls data will really become the "turning point of fate" in this interest rate cut drama. If the data is strong, the Fed's pace of interest rate cuts may slow down; if the data is slightly weak, the door to interest rate cuts will be more open. In any case, the release of this data will become a blockbuster in the global financial market, attracting the attention and heated discussions of countless investors.

In this interest rate cut drama, every investor has become the protagonist on the stage. They use their wisdom and courage to constantly guess, analyze and trade, and jointly perform this thrilling financial drama. The June non-farm payrolls data will undoubtedly be one of the most eye-catching focuses in this drama.