The Federal Reserve will decide on its latest interest rate today at 6pm UK time. The Fed is expected to raise interest higher to 4% in an attempt to tame unruly inflation. Policymakers said that it needed to ‘move to and maintain’ a more ‘restrictive policy stance to promote maximum employment and price stability.
ADP employment change data for October will be released at lunchtime today. In September, private businesses in the US generated 208k jobs, and today that number is expected to fall to 190k. The ADP’s chief economist Nela Richardson said that there are “signs that people are returning to the labour market. We’re in an interim period where we’re going to continue to see steady job gains”
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