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Weak employment data triggered a market fall, with the probability of a rate cut in September soaring to 80%.
[Coin World] News, due to disappointing employment data and significant revisions to previous data, the market has fallen sharply. Trump removed the head of the BLS, Fed Governor Kugler resigned, and officials expressed a complicated attitude—despite weak labor data, there are still concerns about inflation. With rising geopolitical risks in Russia, investor sentiment has become more nervous, and the probability of interest rate cuts in September has soared to over 80%.