Analysis: U.S. employment data correction will not have much impact on the market or the Fed's policy outlook

"To be honest, I don't think this will really have much impact on the market or the Fed's policy outlook," said Michael Brown, senior research strategist at Pepperstone, London. "(Employment data) is obviously a sharp downward correction, which makes you believe that the labor market is stagnant, or at least loses momentum, may be longer than we had expected, but that's all people can see from the data." "These data are quite lagging, so there won't be much impact on Fed policymakers who are still expected to cut interest rates next Wednesday 25 "If this can give us any inspiration, it is that the U.S. Bureau of Labor Statistics (BLS) does need to improve its data collection methods as soon as possible, because it has been a large downgrade in the benchmark data for two consecutive years. However, Trump obviously has his own ideas—may not entirely appropriate—about how they should do this." (King Shi)