On November 30, according to Golden Ten Data, Federal Reserve Chairperson Powell will be interviewed at the New York Times DealBook/Summit on December 5, and the market is closely watching his remarks on the pace of interest rate cuts. The Fed's November monetary policy meeting notes broad support among policymakers for a cautious approach to future rate cuts. Fed funds futures show the market expects rates to fall to 3.8% by the end of 2024 from the current 4.5% to 4.75%, up more than 100 basis points from September expectations. U.S. stocks had a strong week, with the S & P posting its biggest monthly gain since November 2023. Global equity funds received inflows for the ninth consecutive week, with inflows into $12.19 billion this week, up 32% month-on-month, according to LSEG Lipper data. Sameer Samana, senior strategist at Wells Fargo Investment Institute, said the Federal Reserve has begun to question how much easing is needed in the economy and labor market. The market will focus on the upcoming non-farm payrolls data, and the strong employment data may further weaken market expectations for the Federal Reserve to cut interest rates. In addition, the October job vacancy data and the November ADP employment report will also provide important references for judging the state of the US labor market.