According to Odaily Planet Daily, market analyst Giuseppe stated that ADP released its four-week U.S. employment data yesterday, ending October 11, 2025, showing an average weekly increase of 14,250 jobs, which translates to approximately 57,000 jobs added over those four weeks. The Dallas Fed estimated in early October that the current break-even point was around 30,000 jobs per month, making 57,000 significantly higher. Given the lack of government data, the strong rebound signal from ADP could make Fed Chairman Powell more cautious in hinting at a December rate cut. If so, it would be seen as a hawkish surprise and significantly impact the market. Furthermore, Waller, one of the most dovish Fed governors and a candidate for Fed Chair, has also stated that the ADP data is one of his reasons for supporting a rate cut. Recently, he stated, "I still believe in a rate cut, but we need to be cautious about it." (Jinshi)