During the Jackson Hole meeting, Federal Reserve Chairman Powell emphasized the critical role of U.S. employment data in shaping future monetary policy decisions. This statement has piqued market interest in the upcoming August employment data, especially considering the unexpectedly weak job growth figures for July. Stephen Stanley, an analyst at Santander Bank, noted that against this backdrop, August employment data will face higher expectations, but the market expects a moderate change in growth. However, it is noteworthy that Powell and his colleagues have started to pay attention to signs of a potential cooling in the labor market. Therefore, if the August employment data shows strong performance, it may impact the market's expectation of a 50 basis point rate cut next month. In this scenario, the importance of employment data may surpass that of core CPI data at the same time, becoming one of the primary factors for policymakers to consider.