TechFlow, Dec 3 - According to IFR, a Reuters subsidiary, current market positioning indicates that a Fed rate cut in December is nearly certain. Today's ADP and PMI data are unlikely to be strong enough to prevent the Fed from cutting rates in December. November's ADP employment change is expected to increase by 10,000, far below October's 42,000. Due to the government shutdown delaying the release of key labor market data, this month's ADP report is particularly important. Previously, the ADP weekly employment report recorded negative figures for three consecutive weeks, though it remains unclear how well these figures align with actual monthly data. (Jinshi Data)
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