ADP Shows 38,000 U.S. Jobs Added in August, CME FedWatch Puts September 25 bp Hike Odds at 62.2%
U.S. private payrolls rose by 38,000 in August, the smallest gain since January and below the 48,000 estimate, down from 44,000 previously. CME FedWatch data after the release showed a 37.8% chance the Fed holds rates in September and a 62.2% chance of a 25 basis point hike.