Bond investors are paying close attention to the US labor market data to be released on Friday, which may ease the market's growing expectations that the Federal Reserve will raise interest rates at its next meeting in September. The interest rate swap market currently predicts that the probability that the Federal Reserve will raise interest rates by 25 basis points in September is over 50%. There were reports on Thursday that if inflation data remains high in the next few weeks, Federal Reserve Chairman Kevin Walsh is preparing to raise interest rates. Since then, this probability has risen further. If the labor market shows signs of weakness, it may ease market concerns that overheating employment will drive up inflation. The US consumer price index and producer price index for July will be released next week. These data may ultimately determine interest rate trends. “If you're the chairman of the Federal Reserve, what you want to see the most is' Golden-girl 'employment data, neither too strong nor too weak,” said Hank Smith, head of investment strategy at Haverford Trust. “Our basic judgment has been to raise interest rates once in December for most of this year, but we acknowledge that the probability of raising interest rates in September has increased.” Economists estimate that the number of new non-farm payrolls added in July was about 80,000, higher than in June, but it will still be at a low level this year. Data released by the US Bureau of Labor Statistics this Tuesday showed that the labor market is basically stable, and the scale of layoffs is still limited.

Bond investors are paying close attention to the US labor market data to be released on Friday. This data may ease the market's growing expectations that the Federal Reserve will raise interest rates at the next meeting in September. The interest rate swap market currently predicts that the probability that the Federal Reserve will raise interest rates by 25 basis points in September is over 50%. There were reports on Thursday that if inflation data remains high in the next few weeks, Federal Reserve Chairman Kevin Walsh is preparing to raise interest rates. Since then, this probability has risen further. If the labor market shows signs of weakness, it may ease market concerns that overheating employment will drive up inflation. The US consumer price index and producer price index for July will be released next week. These data may ultimately determine interest rate trends. “If you're the chairman of the Federal Reserve, what you want to see the most is' Golden-girl 'employment data, neither too strong nor too weak,” said Hank Smith, head of investment strategy at Haverford Trust. “Our basic judgment has been to raise interest rates once in December for most of this year, but we acknowledge that the probability of raising interest rates in September has increased.” Economists estimate that the number of new non-farm payrolls added in July was about 80,000, higher than in June, but it will still be at a low level this year. Data released by the US Bureau of Labor Statistics this Tuesday showed that the labor market is basically stable, and the scale of layoffs is still limited.