ADP Report: US Job Growth Slows to 37,000, Fed Rate Cuts Possible

Wednesday, Jun 4, 2025 4:21 pm ET1min read
The recent ADP report shows a significant slowdown in US private sector job growth, with only 37,000 jobs added in May, far below the 110,000 jobs expected. This deceleration in labor market momentum may lead to easing wage pressures, encouraging the Fed to pause or cut interest rates, benefiting risk assets like cryptocurrencies. Investors should closely watch the upcoming NFP report and Fed communications for confirmation of labor market trends.

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