Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

Job growth in the private sector made a surprise surge last month, raising doubts about whether the Federal Reserve will continue cutting interest rates in December. Companies added 42,000 jobs in October, more than expected and the first monthly payroll growth since July, according to data released by payroll processor ADP on Wednesday. With federal … Read more