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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.
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cnbc.com
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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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.