Economic data from America continues to spark controversy: unemployment is rising but the market is celebrating – Wall Street is rising to the sky in anticipation that the Fed will lower interest rates in December.

The economic picture of America released today is truly characterized by "each indicator in a different direction":.
• Unemployment rate rise to the sky
• Non-farm report (NFP) rises to the sky
• The number of first-time unemployment benefit applications has decreased.
This contradiction makes it difficult for the market to assess the true health of the economy, but investors still believe that the rising unemployment rate is the most significant signal that the Fed is paying attention to. And as the labor market shows signs of cooling down, expectations for the Fed to cut interest rates in December rise to the sky.
As expected — American stocks immediately reacted explosively:
• Dow Jones futures +0.8%
• S&P 500 futures +1.4%
• Nasdaq futures +1.9%
👉 Everything has risen to the sky after the Non-farm report, showing that optimistic sentiment is returning as the market believes a new monetary easing cycle may soon begin.