US job losses surge, US government shuts down again. ADP: 32,000 jobs lost in the private sector in September (expected +50,000). The market expects a 100% probability of a Fed rate cut in October (99% -25bp, 1% -50bp). It seems that Trump's replacement of the head of the US Census Bureau is indeed effective, as economic data immediately supports a Fed rate cut.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
US job losses surge, US government shuts down again. ADP: 32,000 jobs lost in the private sector in September (expected +50,000). The market expects a 100% probability of a Fed rate cut in October (99% -25bp, 1% -50bp). It seems that Trump's replacement of the head of the US Census Bureau is indeed effective, as economic data immediately supports a Fed rate cut.