HomeMarketsU.S. EconomyWhy ADP Data Miss is Key for Friday's Jobs Data

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.

Morning Movers

04 Sep 2025

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