川普甩杀手锏，美百万就业岗位一夜消失，美专家：人民币要涨至6

Core Points - The U.S. Labor Department's routine revision unexpectedly revealed a significant downward adjustment of 910,000 jobs in the non-farm employment data for the year ending March 2024, which is three times the average correction of 300,000 over the past decade [1][3] - The revision primarily affected sectors like transportation, warehousing, and leisure and hospitality, which were previously highlighted as key drivers of economic recovery, raising doubts about the narrative of economic recovery promoted by the Biden administration [3][5] - Former President Trump seized the opportunity to criticize the Biden administration and the Federal Reserve, suggesting that the high interest rate policies were stifling the economy, and he implied that the data manipulation was misleading the public [5][8] Economic Implications - The revision has led to a swift reaction in the financial markets, with a significant increase in the probability of a 25 basis point rate cut by the Federal Reserve in September, now estimated at over 90% [8] - The credibility of the Federal Reserve is under scrutiny as political pressures mount, which could further complicate its decision-making process regarding interest rates [10][12] - The adjustment of employment figures has raised concerns about the integrity of U.S. economic data, potentially undermining the trust in the dollar and its associated financial systems [10][14] Currency Dynamics - Amidst the turmoil in U.S. economic data, the Chinese yuan has gained attention, with analysts predicting a potential appreciation to the 6.x range against the dollar, driven by expectations of a weaker dollar if the Fed cuts rates [12][14] - The shift in global capital flows suggests a reevaluation of reliance on the dollar, with the yuan potentially emerging as a viable alternative for investors seeking stability [14][16] - The disappearance of 910,000 jobs not only highlights issues within U.S. economic reporting but also signals a broader shift away from a dollar-centric global financial system [16][17]