Preview: Tonight's showdown with unemployment and non-farm payroll data will be the key catalyst for future market trends

ChainCatcher News, the non-farm payroll data for September, originally scheduled to be released on October 3, was delayed until this evening due to the U.S. government shutdown. Before the shutdown, the U.S. Bureau of Labor Statistics had already completed the collection and compilation of the data, so there will not be any systemic bias in the data itself, and the impact on data quality is limited. At the previous October FOMC meeting, the Federal Reserve further cut interest rates despite insufficient data, but did not commit to a subsequent rate cut path. At that time, Powell stated that a December rate cut was not "a foregone conclusion" and that the October rate cut was a "risk management cut," while also hinting at serious internal disagreements within the Federal Reserve.

As the first important economic data released after the end of the U.S. government shutdown (even though it is long-delayed data), if it provides new signals, it could become a key catalyst for the next market trend. Important macroeconomic data to be released tonight at 9:30 PM (GMT+8) include: U.S. September unemployment rate, U.S. September non-farm payrolls (seasonally adjusted), and U.S. initial jobless claims for the week ending November 15.