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ADP Research / ADP National Employment Report

ADP Research / ADP National Employment Report

Private Data Provider

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A weakening U.S. job market forces a Fed pivot under a data blackout

Money Moves

Primary real‑time gauge of private employment while official data are delayed

The Federal Reserve cut interest rates by 25 basis points on December 10, 2025, in a deeply divided 9–3 vote—the most dissents in six years, bringing the funds rate to 3.5–3.75%. Minutes released December 30 revealed the decision was 'finely balanced,' with officials split over whether weak hiring or inflation poses the greater risk.

Updated 6 days ago