WS #13510
ADP employment change came in at 44K vs 70K forecast, and markets now fully price only one Fed rate hike by end-2026 (down from two), supporting gold's surge; Fed Governor Cook's hawkish comments are a counter.
Soft US labor data and Fed policy repricing
ADP employment change came in at 44K vs 70K forecast, and markets now fully price only one Fed rate hike by end-2026 (down from two), supporting gold's surge; Fed Governor Cook's hawkish comments are a counter.