US EditionWill The Fed Lower Interest Rates Again In December? Markets Say Yes.
Markets paused after ADP reported 32,000 private-sector job cuts in November, pushing Fed rate cut odds to 89% ahead of the Dec. 9-10 meeting, amid tech valuation concerns.
- On Thursday, Asia-Pacific markets opened mixed then stumbled after U.S. gains as markets are pricing in a higher chance of a Federal Reserve rate cut ahead of Dec. 9.
- ADP's labour reading and tech-sector headlines shook investor confidence as ADP chief economist Nela Richardson reported private firms cut 32,000 jobs in November, while Microsoft, Nvidia and Broadcom weighed on U.S. benchmarks.
- Regional index data highlighted mixed performance across Asian trading hubs as Japan's Nikkei 225 rose about 0.3% and Topix advanced 0.33%, while Korea's Kospi fell 0.45% and other markets traded lower.
- Positioning shifted as traders focused on Fed-driven risks, with market participants identifying the U.S. Federal Reserve as the main volatility source, while analysts warned delays in rate-cut timing could keep positioning fragile.
- Signs of a stuttering labour market complicate the path for Fed easing as ADP chief economist Nela Richardson said, `Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment`, and Bank of America economists urged caution about policy timing uncertainty.
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Asian markets stumble as traders struggle to hold Fed cut rally
Asian markets struggled to maintain their early momentum Thursday, even after the latest batch of US data reinforced expectations that the Federal Reserve will cut interest rates for a third successive time next week.
Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data
Aerial sunrise view of Osaka city in Japan Frank Lee | Moment | Getty Images Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the 40,000 increase expected by economists polled by …
Wall Street closed higher today, as the latest ADP employment data prompted investors to boost their bets that the Federal Reserve… Wall Street closed higher, market certainty for a Fed rate cut - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
“Musical Chairs” as the Fed Edges Toward Rate Cut
This week—while holiday shoppers were stocking up on Cyber Monday deals across America — the financial Masters of the Universe were playing a game of “Musical Chairs” … I’m talking about the Federal Reserve’s Board of Governors, and how a few key members seem to be switching proverbial seats and changing their tone in favor of a rate cut this December. It’s a difficult call to make, because the recent government shutdown put a kibosh on all offi…
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