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Announcement: The ADP employment figures for October will be released tonight as scheduled, and most U.S. economic data will be "discontinued" for more than 60 days.
On November 5, the U.S. October ADP employment figures (in ten thousand) will be released as scheduled at 21:15 Beijing time, becoming one of the few macro data guides from the Fed in recent times. The previous value was -32,000, and the expected value is 28,000. The U.S. Department of Labor stated last night that economic data would not be published until the government shutdown is over, meaning that U.S. economic data will be “discontinued” for more than 60 days. This includes the monthly employment report, monthly unemployment rate, monthly CPI inflation data, monthly PPI inflation data, monthly retail sales data, and monthly housing starts data. The Fed's rate-cutting path is struggling to move forward in the “dark.”