The Federal Reserve (Fed) stated in the minutes of its May meeting that whether it will raise interest rates in June remains to be further examined. The good news this week that the United States successfully lifted its debt default has made the market generally believe that the Federal Reserve will raise interest rates at its June meeting. The probability is greatly reduced. The probability of a one-digit increase in June has dropped from 64.2% a week ago to 20.4% yesterday, and after the release of the non-farm payrolls report, the probability of a rate hike was only raised to 30%. However, the U.S. non-farm payrolls data released last night still far exceeded market expectations, showing that the job market is still strong, which may not be conducive to cooling inflation. The Wall Street Journal pointed out that the continued growth of non-farm payrolls is a problem for the Federal Reserve. That's a bad thing, because a tight job market could push wages higher and push inflation further.