The United States will release the non-farm payroll report for September next week, and the market is closely watching the impact of the Federal Reserve (FED) on interest rate cuts.

The complete US Non-farm Payrolls data for September will be released on November 20, with the market closely watching its guidance for the Fed's interest rate decision in December. (Background: Don't just look at rate cuts! What changes will the end of the Federal Reserve's quantitative tightening bring to liquidity?) (Supplemental Background: Goldman Sachs predicts the “government shutdown” will end within two weeks, making the Fed's December rate cut “more justified”?) After experiencing a data vacuum caused by the longest government shutdown in US history, the Bureau of Labor Statistics announced it will reissue the September Non-farm Employment Report on November 20, followed by wage data the next day. This delayed information is seen as the last piece of the puzzle before the Federal Reserve's December interest rate decision, and it may rewrite the market's bets on the timing of rate cuts. The complete data is finally coming together. It is understood that the September Non-farm survey was completed before the shutdown, so there is no gap; in contrast, the October report and CPI face the risk of never being published. According to Morgan Stanley's estimates, the new jobs added in September may only be 50,000, with the unemployment rate holding steady at 4.3%. Goldman Sachs' model indicates that the probability of the unemployment rate rising significantly by 0.5 percentage points in the next six months has increased from 10% to 20%-25%. Currently, the FedWatch tool shows that the probability of the Federal Reserve cutting rates by 25 basis points in December has dropped below 50%. If employment data shows significant weakness at that time, it may raise the probability of a December rate cut again. Related reports: Barclays: Powell aims to break the “inevitable rate cut expectation,” and data supports more rate cuts. Federal Reserve Chair Powell: AI is not a bubble; tech companies have real cash flow, and a good economy does not mean immediate rate cuts. Why did Bitcoin drop below $110,000 after the Fed announced the “end of quantitative tightening” and another rate cut? What did Powell say? <The US will release the September Non-farm report next week, with the market closely monitoring its impact on the Federal Reserve's rate cut> This article was first published in BlockTempo, the most influential blockchain news media.