Post
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The small non-farm ADP data was announced at 22,000
below the previous value of 41,000 and the expected value of 48,000.
At the same time, the previous value was revised down from 41,000 to 37,000.
Especially due to the partial government shutdown causing the major non-farm data to be postponed this Friday,
we can only refer to the small non-farm data.
If the labor market cools at this rate,
it will be difficult for the Federal Reserve to maintain high interest rates or an aggressive tapering (QT) stance.
Then the expectations for tapering brought by the nomination of Waller may be reversed,
and the market may begin to price in earlier and larger rate cuts
to prevent the economy from transitioning from a "soft landing" to a "hard landing."
$BTC
below the previous value of 41,000 and the expected value of 48,000.
At the same time, the previous value was revised down from 41,000 to 37,000.
Especially due to the partial government shutdown causing the major non-farm data to be postponed this Friday,
we can only refer to the small non-farm data.
If the labor market cools at this rate,
it will be difficult for the Federal Reserve to maintain high interest rates or an aggressive tapering (QT) stance.
Then the expectations for tapering brought by the nomination of Waller may be reversed,
and the market may begin to price in earlier and larger rate cuts
to prevent the economy from transitioning from a "soft landing" to a "hard landing."
$BTC
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