The latest non-farm payrolls data to be released tonight at 21:30 may become an important reference for the Federal Reserve's December decision.

Although labor market data has a lagging nature, in the current environment where rate cut expectations are gradually cooling, this non-farm payroll report remains the most authoritative employment picture before the official release. Economists generally expect that employment data for July and August may be revised upward, which will directly influence market judgments on the Fed's policy direction.

Investors need to closely monitor whether this set of data can provide a clear direction for the currently volatile market expectations. Whether the data exceeds or falls short of expectations, it will have a significant impact on upcoming trading strategies.