December 3 news: US November ADP employment decreased by 32,000, the lowest level since March 2023, while market expectations were for an increase of 10,000.
Employment remains weak, which is favorable for a rate cut in December. After the news, Polymarket's probability of a December rate cut rose to 95%, while on Fedwatch it's currently at 89.5%.
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December 3 news: US November ADP employment decreased by 32,000, the lowest level since March 2023, while market expectations were for an increase of 10,000.
Employment remains weak, which is favorable for a rate cut in December. After the news, Polymarket's probability of a December rate cut rose to 95%, while on Fedwatch it's currently at 89.5%.