#美联储降息预期# Recently, the US Non-farm Payrolls (NFP) data has indeed brought significant fluctuations to the market. The data shows that employment growth is slowing down and the unemployment rate has slightly risen, which seems to confirm that the US labor market is cooling down. We see that the probability of the Fed cutting interest rates in September has risen significantly, exceeding 80%. However, we cannot determine the future policy direction based solely on one set of data. The Fed will consider multiple factors when making decisions. For investors, it is important to stay calm and rational, and not let short-term fluctuations affect their judgment. It is recommended that everyone continue to follow subsequent economic data and statements from Fed officials, while also managing asset allocation and controlling positions to cope with possible market fluctuations. In the long run, maintaining patience and composure is the key to success.