#USJobsReportInFocus

About USJobsReportInFocus

October ADP private payrolls rose by 86K, beating expectations. The ISM services employment index climbed to 51.4, its second month in expansion. The October US jobs report is due Nov 6 at 13:30 UTC, with payrolls expected to rise ~60K and unemployment to hold at 4.2%. With inflation pressures persisting and the Fed holding rates steady in October, could the data strengthen December hike expectations and move Treasuries and the dollar?