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The latest economic data shows significant changes in the job market. The unemployment rate has risen to 4.3%, while non-farm payrolls have increased by only 22,000, which is basically in line with previous forecasts. This data reflects the cooling trend of the U.S. job market. The Federal Reserve has always had a dual mandate: on one hand, it aims to keep inflation at 2% or below, and on the other hand, it needs to maintain a healthy level of employment. However, the significant decline in non-farm payroll data for two consecutive months has put the Federal Reserve in a difficult position. The likelihood of a rate cut is increasing at the upcoming Federal Reserve meeting in September. This move may become a necessary measure to address the cooling job market. However, it also means that the Federal Reserve needs to find a balance between curbing inflation and stimulating employment. The current economic situation undoubtedly puts great pressure on decision-makers. They need to weigh multiple factors to formulate the best monetary policy. Regardless of how the final decision is made, the outcome of this meeting will have a profound impact on the economy of the United States and the global economy. As the date of the meeting approaches, market participants and economists are closely monitoring every move of the Federal Reserve, trying to predict potential policy directions. In this period of uncertainty, flexible responses and prudent decision-making will be key.