Preview: US April Non-Farm Payrolls data will be released tonight at 8:30 PM, with the probability of a rate cut in June currently standing at 5.2%.

BlockBeats News, May 8th: The US April non-farm payroll data will be released tonight at 20:30 (UTC+8). It is expected to only add 62,000 jobs, much lower than the historical growth rate, but enough to keep the unemployment rate at a relatively low level of 4.3%. The year-on-year wage inflation rate is expected to rise from 3.5% to 3.8%. In the past, when the monthly non-farm payroll increase in the US was less than 100,000, it was often seen as a signal of a weakening labor market and an economy on the brink of recession. However, the employment situation has now changed. Federal Reserve official Logan has publicly stated: "Currently, the labor market can achieve supply-demand balance with an addition of about 30,000 jobs per month."

According to CME FedWatch data, before the release of tonight's non-farm payroll data, the probability of the Fed not cutting interest rates at all by the end of the year is 72.6%, and the probability of a 25 basis point rate cut at the next Fed meeting (June) is 5.2%.