Yesterday, everyone had low expectations for the non-farm payroll data. Goldman Sachs even thought it would exceed the previous value and expectations. But surprisingly, the non-farm payroll data turned out to be quite good. The broad CPI came in lower than expected and lower than the previous value—bullish news. The monthly CPI rate was also lower than the previous value and expectations, another bullish sign. Although the annual core CPI didn’t come in below expectations, it was still lower than the previous value and aligned with expectations, which is also positive data. As for the monthly core CPI rate, while it wasn’t lower than the previous value, it matched expectations with a slight increase, so it’s not a big issue. Additionally, monthly income turned from negative to positive, indicating that the U.S. economy is still in decent shape. Overall, apart from rising inflation in new cars, the overall inflation decline looks good. This data is helpful for the Fed’s rate-cutting plans. So, the market reaction should be positive. Let’s wait for the U.S. stock market to open. @bitget VIP, lower fees, crazier perks.