Although the US non farm employment data for November released recently was better than expected, the market still expected that the Federal Reserve would slow down the pace of interest rate increase. The decline of the New York stock market continued to narrow after the day's significant low opening, and the three major stock indexes rose and fell at the closing. By the end of the day, the Dow Jones Industrial Average had risen 34.87 points, or 0.10%, to close at 34429.88; The Standard&Poor's 500 stock index fell 4.87 points, or 0.12%, to 4071.70; The Nasdaq Composite fell 20.95 points, or 0.18%, to 11,461.50. Data from the US Department of Labor showed that the number of new jobs created by the US non-agricultural sector in November was 263000, higher than the market expectation of 200000. Influenced by the news, the US stock market opened sharply lower on the day, and the US long-term treasury bond yield and the US dollar index once rose significantly. However, as investors further digested the information, the market trend reversed. Bryce Doty, senior vice president of American Sit Investment Associates, believes that although the number of new non-agricultural employment in November exceeded expectations, the Federal Reserve may still need to reduce the rate increase to 50 basis points at the December interest rate meeting. The decline in the stock market caused by the employment data provided an opportunity for investors to bargain hunting. (The picture shows Powell, Chairman of the Federal Reserve Board of the United States, attending a press conference in Washington.) In his speech on November 30, Powell, Chairman of the Federal Reserve, said that when the interest rate is close to the "restrictive level sufficient to reduce inflation", it is "reasonable" for the Federal Reserve to slow down the pace of interest rate increase, "it may be the fastest time to slow down the pace of interest rate increase at the December meeting". The Global Research Department of Bank of America said on the same day that the Federal Reserve is expected to raise interest rates by 50 basis points in December and February of next year, and by 25 basis points in March of next year. The Chicago Mercantile Exchange "Federal Reserve Observation Tool" shows that the market believes that the probability of the Federal Reserve raising interest rates by 75 basis points at the December interest rate meeting is 23%, slightly higher than the 21.8% of the previous day. James Helchik, a market analyst, said that the short-term volatility of US stocks may increase as investors adjust their investment layout before the Federal Reserve's December interest meeting. Since March this year, the Federal Reserve has raised interest rates six times in a row, of which nearly four times have raised interest rates by 75 basis points. The minutes of the Federal Reserve's November monetary policy meeting show that most officials tend to slow down the pace of interest rate increase as soon as possible to reduce the risk of excessive tightening. (Liu Xinshe)