Yesterday’s private-sector payrolls report from ADP showed the industry adding 49,000 jobs in April. That translated into a 0.66 percent increase overall — triple the broader total. It followed a string of increases going back more than two years.
The Fed is going to hold a two-day FOMC meeting, on September 25th -26th. According to CME FedWatch, there is a 94.4% chance that interest rates will increase by 0.25%, which turns out to be 2.25%.