After the release of non farm payroll data, the probability of the Federal Reserve raising interest rates in September has risen to over 60%

The swap market shows that after the release of non farm payroll data, the probability of the Federal Reserve raising interest rates in September has risen to over 60%. AI interpretation: The strong non farm employment performance directly shattered the market's illusion of economic cooling, forcing investors to reprice the Federal Reserve's tightening path. The overheated state of the job market has given the Federal Reserve the confidence to maintain high interest rates, and the expectation of interest rate hikes has directly suppressed the valuation space of risk assets. This data completely reverses the previous expectation of loose monetary policy, and the market has entered a deep reassessment stage of the high interest rate environment.