Wall Street: The ADP data is in:
US stocks open cautiously. ADP report shows slight recovery in the labor market, Empire State Index falls. Etsy rises ...
deraktionaer.de/artikel/aktien/wall-street-die-adp-daten-sind-da-20408796.html
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Key Facts2-Year Yield Surges to 16-Year High on ADP Jobs Data
Jul 6, 2023 · Reading time: ~30 sec.
Summary created with AI assistance
Summary created with AI assistance
- ADP report: Private sector companies unexpectedly added 497,000 jobs in June.
- Strong jobs data drives 2-year yield to highest level in 16 years.
- The yield hit a high of 5.120%, last surpassed on June 15, 2007.
- Data could impact Fed's interest rate policy, particularly the pace of rate increases.
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