The next ADP Employment Report is on January 7, 2026, at 8:15 a.m. ET. Here is the latest consensus forecast along with a practical "nowcast" using weekly payroll signals.
The Fed just delivered a move that looks dovish on the surface and hawkish under the hood: a third straight cut, three dissents, and a 2026 path that says "don't get too excited."
Fed set for a December rate cut, but guidance may be hawkish. See how a "hawkish cut" could trigger a sell-the-news move in stocks, bonds, and the dollar.