Non-farm heavyweight strikes! If cracks appear in the US labor market, the probability of a Fed rate cut in June is expected to increase significantly.

According to the Wisdom Finance APP, economists around the world are closely watching the release of the US April non-farm payroll report this Friday. Some economists warn that the US labor market may experience severe turmoil due to the tariff battles initiated by the Trump administration, leading to a significant increase in the probability of the Federal Reserve starting the first rate cut of the year in June. The new round of global trade war ignited by Trump's tariff policies has made the prospects for US and global economic growth even darker. Economists generally expect that the global trade war initiated by US President Trump will raise global prices, weaken consumer spending, and potentially have a significant impact on the labor market this year and next, ultimately pushing the US economy into recession.