Last night's non-farm payroll data showed an unemployment rate that was one point higher than expected. The employment population was expected to be 13.5, but it was reported at 22.8, an increase in the unemployment rate. Some people are quick to say that there will be three to four rate cuts this year, but if they just looked at last year's history, they would know that it is usually a case of raising rates first and then cutting them. Therefore, we still need to look at the CPI data on the 10th to determine the future trend, and based on historical experience, the data from June to August is particularly important.