US September ADP employment data will be released tonight, the market is concerned about the expectation of interest rate cuts

According to Jinshi Data, the US ADP employment figures for September will be released at 20:15 tonight. Fed Chairman Powell said yesterday that the labor market remains robust and "has indeed cooled down", and it is expected that there will be two more 25BP rate cuts this year. However, the market has been betting on a more aggressive rate cut cycle. Tonight's "small non-agricultural" will verify this statement for the first time, and the market may fluctuate violently at that time. Investors are advised to pay attention to the relevant risks.