Notorious: In the lead up to tomorrow’s all important NFP number, last night saw the ADP Non-Farm Employment Change come in below expectation at 190K v the 204K expected. The July revision was also to the downside from 185k to now 177k. CEO of ADP, Carlos Rodriguez: “The job growth numbers for August improved slightly from July.” “The employment gains for the month are in line with the year to date average.” We’re now down to a 30% chance that the Fed makes their first move in September (this
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