The probability of a rate hike by the Fed within the year has surged##The probability of a rate hike by the Fed within the year has soared to 70%.

According to comprehensive reports from foreign media, the US nonfarm payrolls data for May significantly exceeded market expectations, as the labor market emerged from a long period of stagnation. Investors are now betting that the probability of the Federal Reserve raising interest rates this year has surged to nearly 70%. Before the release of the employment data, the market generally expected the Fed to raise rates before April next year. However, Reuters pointed out that after the strong employment report was released, investors have increased the probability of a rate hike in December from about 50% on Thursday to around 70%. A Federal Reserve regional president also indicated that the central bank may need to take action soon.