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Nela Richardson

Nela Richardson

Chief Economist, ADP

Appears in 1 story

Notable Quotes

Richardson said hiring has been 'choppy' as firms face cautious consumers and an uncertain macro environment, with November’s slowdown 'led by a pullback among small businesses.'([prnewswire.com](https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-shed-32-000-jobs-in-november-annual-pay-was-up-4-4-302631706.html?utm_source=openai))

Stories

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

Money Moves

Key private‑sector voice interpreting labor market cooling for policymakers and markets

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