$MU Data beat expectations—are rate cuts off the table again?!
October’s ADP employment data came in at 86,000, above expectations. But while the figure looks impressive, it could spell trouble for the markets.
Strong employment data shows that the U.S. economy is still holding up well, strengthening the Fed’s hand. The rate cuts the market was hoping for may be delayed. Renewed hawkish expectations are certainly bad news for risk assets, and bearish sentiment is bound to build in the short term.
#美国中期选举：市场有哪些期待？ #美国10月非农出炉：降息还有戏吗？ $SNDK $SKHYNIX
October’s ADP employment data came in at 86,000, above expectations. But while the figure looks impressive, it could spell trouble for the markets.
Strong employment data shows that the U.S. economy is still holding up well, strengthening the Fed’s hand. The rate cuts the market was hoping for may be delayed. Renewed hawkish expectations are certainly bad news for risk assets, and bearish sentiment is bound to build in the short term.
#美国中期选举：市场有哪些期待？ #美国10月非农出炉：降息还有戏吗？ $SNDK $SKHYNIX
