ADP reported private company jobs to have declined by 32,000 in September, throwing off experts’ expectations of a gain of 51,000.
Yahoo Finance senior business reporter Ines Ferré discusses this data and how it ties back to investor forecasts for the Federal Reserve to further cut interest rates.
Also, Ben Emons, FedWatch Advisors Chief Investment Officer/Founder speaks to Julie about the softening labor market, what the shutdown means for the release of economic data, and the outlook for Fed rate cuts.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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