"For Fed watchers, this ADP report should make it clear that a December rate cut is now in play,” said Jamie Cox of Harris Financial Group.
Stocks rose on Wall Street Wednesday as more U.S. companies turn in their latest quarterly reports and several economic updates shed some light on the U.S. economy.
Fed rate-cut odds surge toward 90% as weak labor data, ADP losses, and Challenger layoffs fuel Wall Street hopes for a December…
The S&P 500 is now up 13% year to date and the Nasdaq is up 17%. Meanwhile, the DAX stock market index in Germany is up 19% so…
Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the hawkish.
“Earlier this month, markets shifted more towards a 'central back put' regime," Christian Mueller-Glissmann at Goldman wrote in a…
The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89%…
The S&P 500 and Nasdaq both briefly hit record intraday highs Friday before tumbling on a weaker August jobs report.
