U.S. ADP jobs dropped by 32K in November, the lowest since March 2023 vs. expectations of +10K.
The Fed may have no choice but to cut rates again.
Right now, it’s 95% certain that we will get a rate cut in 7 days. This is already priced in, so the most important thing will again be Powell’s speech afterwards.
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U.S. ADP jobs dropped by 32K in November, the lowest since March 2023 vs. expectations of +10K.
The Fed may have no choice but to cut rates again.
Right now, it’s 95% certain that we will get a rate cut in 7 days. This is already priced in, so the most important thing will again be Powell’s speech afterwards.