The Zhitong Finance App learned that with the recent surge in global long-term treasury bond yields and Walsh's latest speech in Jackson Hole, the importance of the August US non-farm payroll data to be released on Friday evening Beijing time is to test whether the labor market is weak enough to form a “veto” on interest rate hikes. However, there have been important revisions to the latest policy path pricing. Federal Reserve Governor Waller said on September 3 that if inflation continues to cool down in August, he would prefer to keep interest rates unchanged in September; he will only consider raising interest rates if inflation rises again. His speech caused the probability of interest rate hikes in September to drop rapidly from about 65% to close to the May 5 opening, and pushed US stocks to rise and US bond yields to fall.

The Zhitong Finance App learned that with the recent surge in global long-term treasury bond yields and Walsh's latest speech in Jackson Hole, the importance of the August US non-farm payroll data to be released on Friday evening Beijing time is to test whether the labor market is weak enough to form a “veto” on interest rate hikes. However, there have been important revisions to the latest policy path pricing. Federal Reserve Governor Waller said on September 3 that if inflation continues to cool down in August, he would prefer to keep interest rates unchanged in September; he will only consider raising interest rates if inflation rises again. His speech caused the probability of interest rate hikes in September to drop rapidly from about 65% to close to the May 5 opening, and pushed US stocks to rise and US bond yields to fall.