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14:16
Upcoming: Non-Farm Payrolls Data to Be Released Tomorrow at 8:30 PM, US Stock Market Closed on Friday
BlockBeats News, July 1st. Due to the U.S. Independence Day holiday on July 3rd, the U.S. June non-farm payroll data will be released early on July 2nd (Thursday) at 20:30 East 8th District time. The U.S. stock market will be closed on July 3rd (Friday). Trading of the Chicago Mercantile Exchange (CME) precious metals, energy, forex, U.S. Treasury, and stock index futures contracts will close early on July 4th at 01:00 East 8th District time. Trading of the Intercontinental Exchange (ICE) Brent crude oil futures contract will close early on July 4th at 01:30 East 8th District time.
14:15
Nonfarm payrolls to be released tomorrow, US stock market closed on Friday
Golden Ten Data reported on July 1 that, due to the US Independence Day holiday (July 3), the US June Non-Farm Payrolls data will be released early at 20:30 on July 2 (Thursday) Eastern Eight District time. US stock markets will close for one day on July 3 (Friday). Precious metals, energy, forex, US Treasury, and stock index futures contracts under CME will end trading early at 01:00 on July 4 Eastern Eight District time. Brent crude oil futures contracts under ICE will end trading early at 01:30 on July 4 Eastern Eight District time. Investors are advised to pay attention to these changes.
14:15
Walsh: Inflation Risks Have Decreased
On July 1, Federal Reserve Chairman Walsh stated that the rate of change in the improvement of artificial intelligence models is exponential. The United States may emerge as the biggest winner in the field of artificial intelligence. This is not a zero-sum game. Currently, AI companies are investing in the future, with the expectation that the supply side will expand. The U.S. is not afraid of productivity-driven economic growth. We are still in the first or second inning of this transformation. There are significant questions regarding the timing of AI's impact on employment. Additionally, Walsh emphasized the need to achieve success in both employment and price stability. The labor market is stable, and economic demand is strong. Inflation expectations have decreased over the past four weeks. We are seeing prices that are too high. We will achieve price stability. There may be news next week regarding the appointment of heads of various working groups. In recent weeks, both inflation expectations and inflation risks have declined; he reiterated that the Federal Reserve is committed to bringing the inflation rate down to the target level of 2%. 'In the initial weeks of this period, inflation expectations have receded, and inflation risks have decreased as well,' Walsh said. 'If households, businesses, or financial markets believe that the Federal Reserve will be complacent about inflation above the 2% target, then they will be disappointed: we will ensure price stability in the United States.' (Jin Shi)
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