Before the release of the "small non-agricultural" and unemployment data, the market believed that the probability of the Federal Reserve cutting interest rates by 25 basis points in January was only 4.8%.

According to CME's "Fed Watch" data, the market currently believes that the probability that the Fed will cut interest rates by 25 basis points in January is only 4.8%, and the probability of maintaining unchanged is 95.2%. At 21:15 Beijing time tonight, the US "small non-farm" ADP employment data for December will be released, and it is expected that the number of new jobs will steadily decline, falling back to 140,000. In addition, the US initial jobless claims data for the week will be released in advance at 21:30 tonight.