🚨LAST🚨
🩸The ADP EMPLOYMENT data in the U.S. PLUMMETED, an ALARMING figure
🗣Trump: "The ADP was released. The ALWAYS LATE Jerome Powell must CUT the interest rate NOW, it’s incredible, Europe has cut it nine times!"
What is this data and what could happen⁉️
🔻111K new jobs were expected but only 37K were created, previously 60K
🔻This data measures the creation of new private jobs OUTSIDE the agricultural sector
🔻Considering that the FED wants to care for both inflation and employment, in light of this data and the progress of inflation we have been seeing, Trump asserts that they must cut the interest rate
What could happen⁉️
📍This data raises concerns about RECESSION, a declining labor market is TYPICAL of recessions
📍But if the FED takes action and cuts the interest rate to protect the labor market, financial markets could react positively
