๐จ BREAKING ๐จ
๐บ๐ธ ADP PRIVATE PAYROLLS JUST DROPPED HARD
Expected: +10,000
Actual: -32,000
This is a major miss โ and it signals a weakening labor market.
A weak labor market =
โก๏ธ Less wage pressure
โก๏ธ Lower inflation
โก๏ธ Higher probability of rate cuts
๐ This report strongly supports December rate cuts.
๐ The Fed now has even more justification to ease.
MARKETS WILL LOVE THIS.
