6.6
Non-farm data released, overall in line with expectations
Unemployment rate remains at 4.2%, job market stable
Employment numbers slightly declined, but the impact is limited
Wage data exceeded expectations, showing the economy still has resilience
This data is neutral and stable, neither accelerating interest rate cut expectations nor triggering recession concerns.
Today's focus is still on whether Trump and Musk will continue their feud or temporarily ceasefire after their "overnight cooling-off period"? The market needs to observe the follow-up developments of this drama.