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Asia markets set to open mixed after Wall Street gains on cooler-than-expected jobs data and rate-cut hopes
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% chance of a cut.
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cnbc.com
Asia-Pacific markets start December mostly lower with China’s manufacturing data in focus
Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.
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Asia markets set to open mixed after Wall Street gains on cooler-than-expected jobs data and rate-cut hopes
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% chance of a cut.
- ·
fortune.com
For Wall Street, pandemic-level bad news for jobs is good news for stocks—it pushes the Fed further into cutting territory | Fortune
Fed rate-cut odds surge toward 90% as weak labor data, ADP losses, and Challenger layoffs fuel Wall Street hopes for a December move despite a divided FOMC.