Who could have imagined that just a few days after the US dollar interest rate cut, Wall Street is already discussing the possibility of no interest rate cuts for the dollar this year. What significant event has occurred?

Americans always put on a brave face. On the surface, it appears they are frightened by employment data and inflation risks. In reality, they have their own hardships that they cannot voice. How triumphant they were with interest rate hikes over the past two years, and now, how severe their failure is. Today, we will reveal the truth.

The notion that the US dollar will not see an interest rate cut this year is not a figment of imagination, but a hot topic currently being discussed on Wall Street.

Wall Street veteran Ed Yardeni stated that the Federal Reserve's monetary easing policies for the year may have come to an end.

Former Federal Reserve Governor Randy Kroszner also believes that if the data warrants it, the Federal Reserve can opt not to cut interest rates.

Ian Lyngen, Head of US Interest Rate Strategy at BMO Capital Markets, pointed out that if the October non-farm employment report is relatively strong and inflation proves to still be resilient, the Federal Reserve may pause interest rate cuts.

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Former US Treasury Secretary Summers even bluntly criticized that the 50 basis point cut in September was a huge mistake.

These views were quite inconceivable just over ten days ago. Why has Wall Street started discussing the topic of no US dollar interest rate cuts now?

The most direct reason is the non-farm employment data released on October 4th, which directly shattered the Federal Reserve's key rationale for the September interest rate cut, which was the claimed weakness in the job market.On September 19th, when the interest rate cut was announced, Federal Reserve Chairman Powell even said with regret that if he had known that the non-farm employment figures for the past year would be revised down by 818,000 people, he should have cut interest rates in July.

On October 4th, data released by the U.S. Bureau of Labor Statistics showed that non-farm employment increased by 254,000 people in September, far exceeding the expected 150,000 people; at the same time, the unemployment rate in September was 4.1%, lower than the expected and previous 4.2%.

U.S. non-farm employment reached the highest point in the last six months, and the unemployment rate also decreased!

Before this, the United States also released two other important data.

One is that the number of job vacancies in the United States increased to 8.04 million in August, reaching the highest level in three months, with 7.71 million in July.

Another is that the ADP employment figure for September was 143,000 people, better than the expected 120,000 people, and the previous figure was also revised up from 99,000 to 103,000.

These data all indicate that the U.S. economy has not receded, the job market is not weak, and there is still a risk of overheating in the U.S. economy!

In this case, the U.S. CPI to be released next week in September is likely to be another very good data, with CPI further falling below 2.5%, and core CPI falling below 3%. In August, CPI increased by 2.5% year-on-year, and core CPI rose by 3.2% year-on-year.

In addition, the continuous strikes this year have severely hit the U.S. supply chain system, increasing the risk of inflation rebound.Please provide the text you would like me to translate into English.