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2025 › December › 04
ADP
7 months ago
Investors took Wednesday's ADP data as a signal that the Federal Reserve could be more inclined to cut interest rates at its upcoming Dec. 10 meeting.
Thursday's big stock stories: What’s likely to move the market in the next trading session ⊕
The Dow closed up more than 400 points as employment data from ADP strengthened hopes for a rate cut at next week's Federal Reserve meeting.
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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