🇺🇸 ADP Private Payrolls: -32,000 (jobs decreased) 📊 Expectations: An increase of +10,000 jobs
The labor market is showing weakness, and following this data, the expectation for more rate cuts from the Federal Reserve in the near future has increased.
• JOBS DROPPED • EXPECTATIONS MISSED • RATE CUT PRESSURE JUST GOT STRONGER
This is a high-impact signal for both the macro economy and the markets.
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🚨 BREAKING: U.S. LABOR MARKET WEAKNESS
🇺🇸 ADP Private Payrolls: -32,000 (jobs decreased)
📊 Expectations: An increase of +10,000 jobs
The labor market is showing weakness, and following this data, the expectation for more rate cuts from the Federal Reserve in the near future has increased.
• JOBS DROPPED
• EXPECTATIONS MISSED
• RATE CUT PRESSURE JUST GOT STRONGER
This is a high-impact signal for both the macro economy and the markets.