The latest U.S. employment data released shows that the non-farm payroll figures for May and June have both undergone significant downward revisions. This change has sparked concerns in the market regarding the outlook for the U.S. economy, while also presenting new challenges for the Federal Reserve's monetary policy.

After data correction, the state of the U.S. job market appears to be weaker than previously thought. This not only suggests a slowdown in job growth but also raises concerns that it may indicate the risk of an impending economic recession. In this context, the Federal Reserve's interest rate cut is no longer a matter of choice but an urgent action that needs to be considered.

Some analysts believe that Federal Reserve Chairman Powell's decision not to cut interest rates in July may have been a mistake. It now seems that starting to cut rates in September may be too late, as the U.S. economy could face greater downward pressure during this period.

This situation also confirms the previous judgments of certain political figures. They believe that the Federal Reserve should have taken action earlier to prevent further deterioration of the economy. However, the key now is whether the Federal Reserve can timely adjust its policy stance to respond to the changing economic environment.

In the face of this challenge, the market generally expects the Federal Reserve to take interest rate cuts in the near future. However, the timing and magnitude of the rate cuts remain a focal point of close attention for investors and economists. The Federal Reserve needs to find a balance between stimulating the economy and maintaining financial stability, which is undoubtedly a daunting task.

With the continuous update of economic data, we will have a clearer understanding of the true state of the U.S. economy. In any case, the Federal Reserve's policy decisions will have a significant impact on global financial markets in the coming months. Investors and policymakers need to closely monitor this development to make informed decisions.