Bitget CFD Chief Analyst: NFP Data May Determine Fed's Rate Hike Path

BlockBeats News, July 2nd — Today, Bitget CFD's Chief Analyst, Lewis Huang, pointed out in an online live stream with the theme "Non-Farm Payrolls Release: Analyzing Labor Market Data" that the non-farm employment data released today has a crucial directional significance for the current financial market. He emphasized that since Kevin Warsh took office, his policy advocacy has always been based on a tough hawkish rhetoric; against the backdrop of persistently high inflationary pressures in the recent period, the market's concerns about the US resuming interest rate hikes are intensifying rapidly, making today's non-farm data release particularly critical.

Regarding the potential impact of this data, Lewis Huang stated that the market currently generally expects the addition of non-farm payrolls to be around 115,000, still lower than the previous value of 172,000. However, this is an extremely sensitive expectation game: if the non-farm data this time significantly outperforms expectations, it will directly confirm the resilience of the labor market, thereby triggering a more explicit interest rate hike intention by the Fed; conversely, if the data falls far below expectations, the market may quickly reverse its sentiment, increasing bets on a rate cut. He advised CFD traders to closely monitor the market's expectation difference before and after the data release, implement strict risk management, and flexibly seize long and short trading opportunities amid extreme volatility.