🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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Share your story on Gate Square, and embrace the next 30 million together!
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3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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US June Non-farm Payrolls (NFP) data exceeded expectations, easing pressure on The Federal Reserve (FED) to cut interest rates.
On July 3, the U.S. non-farm payrolls unexpectedly rose by 147,000 in June, which not only exceeded May's addition of 144,000 jobs but also significantly surpassed economists' general forecast of 110,000, demonstrating that the U.S. labor market has successfully withstood the uncertainties brought by the Trump administration's trade and immigration policies. This unexpectedly strong data will alleviate the rate cut pressure on The Federal Reserve (FED), despite Trump’s repeated public calls for the institution to take action on rate cuts. FED Chairman Powell stated this week that a rate cut in July "is still on the table," which seems to reverse his previous stance of "keeping the interest rate unchanged until autumn."