非农再差也观望？美联储官员：就业市场风险可能增加，还没准备提高降息预期

Group 1 - The core viewpoint of the articles indicates that despite disappointing non-farm payroll data, the Federal Reserve's decision-making remains cautious regarding interest rate cuts [1][2][3] - Atlanta Fed President Bostic emphasizes that the July employment data shows significant labor market slowdown, but he is not ready to change his overall economic outlook [2][3] - The July non-farm payroll report revealed an increase of only 73,000 jobs, significantly below the expected 110,000, marking the lowest growth in nine months [3][4] Group 2 - The unemployment rate rose from 4.1% to 4.2%, and average hourly earnings showed minimal growth, indicating a cooling labor market [3][4] - Following the employment data release, U.S. Treasury prices surged, with two-year Treasury yields experiencing their largest single-day drop in a year, falling 21 basis points to 3.74% [3][4] - Market reactions included a drop in the U.S. dollar index by over 1% and a nearly 2% decline in the S&P 500 index, reflecting heightened expectations for interest rate cuts [4]