币界网报道：According to the news from Bijie.com, on July 3 (UTC+8), analyst Roseanne Briggen said that the employment data in June exceeded expectations across the board: non-farm employment growth far exceeded forecasts, and the unemployment rate unexpectedly fell. The market responded quickly: Treasury prices plunged, overnight index swap (OIS) rates soared, secured overnight financing rate (SOFR) futures plummeted, and the yield curve showed a "bear flat" trend. The US dollar rose sharply in response, as the possibility of a rate cut in July was almost zero. The latest pricing of federal funds futures shows that the probability of a rate cut in July has dropped sharply from 25% before the data was released to 4%. However, after economists analyzed the details of the report in depth, they found that - state and local government jobs increased by 73,000 (mainly in the education industry), while federal government jobs decreased by 7,000, and private sector employment growth was also lower than expected - but the overall labor market remained strong, which provided sufficient basis for the Federal Reserve to keep interest rates unchanged.