PANews reported on December 3rd, citing Reuters' IFR, that based on current market positioning, a December rate cut by the Federal Reserve is almost certain. The ADP and PMI data released today are not expected to be strong enough to prevent a December rate cut. November's ADP employment figures are projected to increase by 10,000, significantly lower than October's 42,000. This month's ADP report is particularly important due to the delayed release of key labor market data caused by the government shutdown. Previously, the weekly ADP employment report had recorded negative figures for three consecutive weeks; however, it remains unclear how closely these figures match the actual monthly data.PANews reported on December 3rd, citing Reuters' IFR, that based on current market positioning, a December rate cut by the Federal Reserve is almost certain. The ADP and PMI data released today are not expected to be strong enough to prevent a December rate cut. November's ADP employment figures are projected to increase by 10,000, significantly lower than October's 42,000. This month's ADP report is particularly important due to the delayed release of key labor market data caused by the government shutdown. Previously, the weekly ADP employment report had recorded negative figures for three consecutive weeks; however, it remains unclear how closely these figures match the actual monthly data.
The market is currently betting that the November ADP data will not be enough to prevent the Federal Reserve from cutting interest rates in December.
PANews reported on December 3rd, citing Reuters' IFR, that based on current market positioning, a December rate cut by the Federal Reserve is almost certain. The ADP and PMI data released today are not expected to be strong enough to prevent a December rate cut. November's ADP employment figures are projected to increase by 10,000, significantly lower than October's 42,000. This month's ADP report is particularly important due to the delayed release of key labor market data caused by the government shutdown. Previously, the weekly ADP employment report had recorded negative figures for three consecutive weeks; however, it remains unclear how closely these figures match the actual monthly data.
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