With the non-farm payrolls report absent this week, tonight's "mini-ADP report" may become the Fed's "lifeline."
AI Summary1 min read
TL;DR
The US November ADP employment report, released tonight, may serve as a key indicator for the Federal Reserve ahead of next week's meeting, due to the absence of official nonfarm payrolls and inflation data. Market volatility is expected, and investors should be cautious of risks.
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ADP employment reportFederal Reservenonfarm payrollsmarket volatilityinvestor risks
Mars Finance reports that the US November ADP employment report, often referred to as the "mini-nonfarm payrolls," will be released at 21:15 tonight, December 3rd. With the Federal Reserve's interest rate meeting next week approaching, official nonfarm payrolls and inflation data are unusually absent. In the absence of key guidance, tonight's ADP employment report may be the only window through which the Fed gleans insights into the job market. Significant market volatility is expected at that time; investors are advised to be aware of the associated risks. (Jinshi)