December Fed Rate Cut Prospects Strengthen After ADP Shows Deepening Labor Market Weakness

December Fed rate cut prospects strengthened after ADP reported a deeper than expected drop in private hiring. The shift came from the labor signal, not from a change in market pricing. Futures still indicate about an 89% chance fed rate cut. ADP Reports Biggest Private-Payroll Drop Since March 2023 According to ADP report, private employers

The post December Fed Rate Cut Prospects Strengthen After ADP Shows Deepening Labor Market Weakness appeared first on CoinGape.