Andrew Taylor, head of trading at JPMorgan Chase, said the US non-farm payrolls data needed to remain within a reasonable range to support continued gains in the stock market. Specifically, if the number of new jobs is less than 150,000 or more than 230,000, it will put pressure on the stock market. If the employment data is as low as 110,000, it could lead to a 1.5% drop in the S & P 500 index, which would reflect the accelerating impact of global trade concerns on the US economy. Excessive emp...
On August 23rd, as the US non-farm payrolls data recorded the largest decline since 2009, the market is closely watching the speech of Federal Reserve Chairperson Powell at the Jackson Hole conference, but the crypto market remains relatively stable. Bitcoin fell 0.8% to $60,823.13 in the past 24 hours, while ETH rose 0.6% to $2,658.48, according to CoinGecko data. (Decrypt)
On August 21st, the US Bureau of Labor Statistics was originally scheduled to release the revised value of the total number of non-farm payrolls in March 2024 at 22:00 Beijing time, but in fact it was delayed. Before the official website was updated, the social platform spread the information that the number of jobs was revised down 818,000. The financial website Forexlive quoted news that someone said that he personally called the US Bureau of Labor Statistics and they told him the number on th...