The Zhitong Finance App learned that employment growth in the US was unexpectedly strong in August, and commodity production industries such as manufacturing and construction became an important driving force for this round of employment expansion. Meanwhile, Cleveland Federal Reserve Chairman Hamak once again sent a clear hawkish signal on Friday, saying that the current inflation situation indicates “time to act” and believes that the current monetary policy is still not sufficiently restrictive to the economy. With strong non-farm payrolls data combined with continuing inflationary pressure, the market further raised its bets on the Federal Reserve's interest rate hike in September.

The Zhitong Finance App learned that employment growth in the US was unexpectedly strong in August, and commodity production industries such as manufacturing and construction became an important driving force for this round of employment expansion. Meanwhile, Cleveland Federal Reserve Chairman Hamak once again sent a clear hawkish signal on Friday, saying that the current inflation situation indicates “time to act” and believes that the current monetary policy is still not sufficiently restrictive to the economy. With strong non-farm payrolls data combined with continuing inflationary pressure, the market further raised its bets on the Federal Reserve's interest rate hike in September.