Actually, the market's ideal consensus for a rate hike in September has shifted to a hawkish pause—meaning no action in September, but Waller needs to sound hawkish or show hawkishness through the number of votes supporting a hike. If this route is really taken, then tonight's Non-Farm Payrolls and next week's CPI need to push the rate hike probability back to at least 70%. When pricing in this 20% probability gap, risk markets might take another dip, but the magnitude may not be as severe as during Waller's speech last week. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.