ADP private payrolls rose 242,000 in February, adding to pressure on Fed
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NFP March 2023 Preview: Expectations, importance for Fed, and how to trade the report
March 9, 2023 9:24 AM ESTFed Chair Jerome Powell initiated a stock selloff earlier this week by saying that the central bank would be ready to pick up the pace of rate hikes if the totality of the data warrants it. The market is now slowly shifting its focus toward the jobs report that is due to be released tomorrow at 8:30 EST (13:30 GMT).
The Fed is looking for a slowdown in hiring before preparing to stop hiking rates. The jobs market is cooling narrative suffered a major blow last month after the BLS data showed the total nonfarm payroll employment increased by 517,000 in... More
