Focus on Friday's jobs report
ADP(ADP) ZACKS·2024-09-03 15:57
We start this holiday-shortened trading week on the quiet side, but ultimately is should speak pretty loudly by this time Friday. This is the latest Jobs Week, and one that comes only a week before the next Federal Open Market Committee (FOMC) meeting, where interest rates are expected to come down a week from tomorrow.The question remains: how far will rates come down? We’ve been at 5.25-5.50% since late July of last year, and at last we see inflation metrics curbing suitably for either a 25 basis point (b ...