The mini non-farm payrolls data ahead of the core PCE has already been released, and the numbers are even stronger than expected. Last month it was 3.8%, and this month it has nearly doubled. This is good news for the economy, as it shows the strong resilience of the U.S. economy—still far from a recession. But for the market, it’s not such good news. A robust job market gives the Fed more confidence to maintain high interest rates. Of course, the more critical factor is Friday’s non-farm payrolls. If that data is also strong, the Fed definitely won’t hesitate to raise rates when the time comes. At 8:30 AM Beijing time, the core PCE data will be released. I already wrote about the general situation during the day, and I think regardless of the data, the most important impact will still depend on oil prices moving forward. Oil prices are the real game-changer. A quick shoutout to @Gate—trade more markets!