US private sector jobs decline, increasing rate cut expectations

setn.com (Chinese)

US private sector jobs unexpectedly fell in November, raising expectations for a Federal Reserve interest rate cut. The ADP report showed a decrease of 32,000 jobs, contrary to market forecasts of growth, signaling a cooling labor market. The probability of a December rate cut is now estimated at 90%. This data, alongside other mixed economic indicators, has led some investors to favor the Cathay Taiwan Technology Leaders ETF (00881) for its exposure to key tech supply chains.


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US private sector jobs decline, increasing rate cut expectations | News Minimalist