Why ADP Data Miss is Key for Friday's Jobs Data

"Momentum of labor market is flat on its back," says Ben Emons. Following August's ADP Employment Change data revealing a weaker number, he believes it indicates "at least a 25bps" rate cut but if Friday's August non-farm payrolls number is much weaker it could signal a bigger cut. Ben discusses how the latest labor market data will play a central role in the Fed's rate cut cycle, which could begin as soon as its September FOMC meeting in 2 weeks.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Fler avsnitt av Schwab Network