Non agricultural sectors exceeded expectations in June, and there is no hope for the Federal Reserve to cut interest rates in July On Thursday, the US Bureau of Labor Statistics released data showing better than expected non farm payroll data and an unexpected decline in the unemployment rate. In June, the non farm payroll in the United States recorded 147000 people, higher than the expected 110000 people, and the previous value was revised from 139000 to 144000. The unemployment rate in the United States recorded 4.1% in June, lower than the expected 4.3% and lower than the previous value of 4.20%. The average monthly hourly wage rate in June recorded 0.2%, lower than the expected 0.30%, and the previous value was 0.40%. The average annual hourly wage rate recorded 3.7%, lower than the expected 3.90%, and the previous value was revised from 3.90% to 3.8%. After the data was released, the US dollar index hit 97 and rose 0.39% for the day. Spot gold fell $19 in the short term, breaking below $3320 per ounce. After the release of non farm payroll data, interest rate futures traders gave up their bets on the Fed's interest rate cut in July. Currently, the market expects the probability of the Fed cutting interest rates in September to be about 80%, lower than the 98% before the release of the non farm payroll report.