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US ADP Data Surprises Traders While Investors Are Waiting For A Bigger Picture To Unfold

The US ADP data released today demonstrated the stability and strength of the US economy. Traders have been hoping for the US economy to show decent job data, but the fear among traders and investors has been that strong US job data will make the Fed hold rates higher for longer as they want to tame inflation.
United Kingdom Fed Press Conference Trading Chart

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