和讯投顾魏玉根：美国9月非农就业数据解读

Group 1 - The September non-farm payroll data showed an increase of 119,000 jobs, significantly exceeding the market expectation of around 50,000, indicating resilience in the U.S. job market [1] - The unemployment rate rose to 4.4% in September from 4.3% in August, contrary to market expectations of it remaining at 4.3%, which supports the case for potential interest rate cuts [1][2] - The capital markets reacted with an initial jump in U.S. Treasury prices following the data release, suggesting a possible signal for a rate cut in December, although there remains market uncertainty [1] Group 2 - The U.S. dollar index experienced a brief increase post-data release but quickly fell, indicating a growing market expectation for a weaker dollar and potential interest rate cuts [2] - In the metals market, copper and aluminum prices saw slight increases, while gold and silver prices remained stable, reflecting mixed market sentiments regarding interest rate changes [2] - The final decision on interest rates will depend on a comprehensive assessment of various factors, including unemployment rates, job growth, and wage trends, with Fed Chair Powell's decision being pivotal [2]