Deterioration in US employment data forecasts that the Fed may cut interest rates in September.

According to data released by the U.S. Department of Labor on the 5th, the unemployment rate in the United States rose to 4.3% in August, reaching a near four-year high. The deteriorating employment data has strengthened market expectations for a rate cut by the Federal Reserve, with analysts predicting the Fed may start a new round of rate cuts in September. Data released by the Chicago Mercantile Exchange's Fed watch tool on the 5th evening showed that the weak labor market has increased market expectations for the Fed to cut interest rates by at least 25 basis points at the monetary policy meeting in September, while not ruling out the possibility of a 50 basis point cut.