ADP
Automatic Data Processing, Inc. · Technology · Software - Application
$293.84
+2.71% 今日 · -3.39% 1W
10月30日 收盤或最新價
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Private payroll losses accelerated in the past four weeks, ADP reports
They want their cake and to eat it too. Rate cuts support short-term market growth while withholding bad news prevents a huge market panic. Letting these unreliable private businesses like ADP report payroll gives the Fed indication that things aren't great while investors can always handwave ADP's stats as incomplete. We'll likely keep kicking the can down the road, as a shutdown will probably happen again in February. If we're headed for an economic recession, it could be a long time before the market realizes.
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