Wall Street is expressing concerns about the US economic outlook, as private payroll data fell short of expectations and red flags are emerging in the US Treasury bond market.
According to the latest ADP report, private payrolls only increased by 89,000 jobs in September. This figure is significantly lower than the estimated 160,000 projected by analysts and the revised 180,000 gained in August.
However, the unemployment rate in the US is expected to remain unchanged from August at 3.7%. Stephen
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