According to news on November 30, according to Golden Ten data, Federal Reserve Chairman Powell will be interviewed at the New York Times DealBook/Summit conference on December 5, and the market will pay close attention to his statement on the pace of interest rate cuts. Minutes of the Federal Reserve's November monetary policy meeting showed policymakers generally supported a cautious approach to future interest rate cuts. Fed funds futures show market expectations for interest rates to fall to 3.8% by the end of 2024 from the current range of 4.5% to 4.75%, an increase of more than 100 basis points from September expectations. U.S. stocks had a strong week, with the S&P notching its biggest monthly gain since November 2023. Global equity funds enjoyed a ninth consecutive week of inflows, with inflows of $12.19 billion for the week, a 32% month-on-month increase, LSEG Lipper data showed. Sameer Samana, senior strategist at Wells Fargo Investment Institute, said the Fed has begun to question how much easing policy is needed for the economy and labor market. The market will focus on the upcoming non-farm payrolls data. Strong employment data may further weaken market expectations for a rate cut by the Federal Reserve. In addition, the October job openings data and the November ADP employment report will also provide important references for judging the state of the U.S. labor market.