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ADP jobs data should keep Fed 'in cutting mode,' market expert says

ADP jobs data should keep Fed 'in cutting mode,' market expert says

Ross Mayfield, investment strategist at Baird Private Wealth Management, said that although Wednesday's ADP private payrolls report for October showed a "nice rebound" from the prior month, it was weak enough to allow the U.S. Federal Reserve to continue cutting interest rates "into 2026."

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