The ADP private jobs report out tonight was not good, 37,000 jobs against a consensus estimate of 110,000 jobs and down from a low 62,000 jobs last month.
Trump was straight onto Truth Social posting “Too slow Powell needs to cut rates now” soon after the ADP report was out.
Punting the mad American investors might bid markets up on perception of increased chances of sooner and more rate cuts for 2025.
But then, bad jobs news may spook recession fears for a negative close.
