Private employers cut 32K jobs last month — hiking odds of interest rate cut as Commerce Secretary Howard Lutnick goes on defensive
Odds of an interest-rate cut at the Fed’s meeting next week jumped in the wake of disappointing November private payroll figures, with Commerce Secretary Howard Lutnick arguing President Trump’s tariffs were not to blame for the numbers.
ADP: Private payrolls dropped 32,000 positions last month in slowing job market
US private employers lost 32,000 positions in November, with job creation seemingly locked in a standstill, according to the private payroll processor ADP.
Asia report: Most markets rise on Fed rate cut hopes
Asia-Pacific markets mostly advanced on Thursday, buoyed by gains on Wall Street after weaker US jobs data bolstered expectations of a Federal Reserve rate cut next week.
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