Last updated: 2025-12-07 12:58:30 ET
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Futures traders have increased the odds that the Federal Reserve on Dec. 10 will cut borrowing costs to 89% from 83.4.% last week.
New ADP data signals a rise in job cuts in the private sector for the month of November. CBS News contributor Javier E. David has more.
The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
Investors took Wednesday's ADP data as a signal that the Federal Reserve could be more inclined to cut interest rates at its upcoming Dec. 10 meeting....
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Data from ADP, a payroll processor, is getting added attention because of delays in official statistics caused by the government shutdown.
The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
Private employers shed 32,000 jobs in November, payroll processor ADP estimated.
