US: ADP private jobs report is the main release ahead of the official jobs report – Danske Bank

Research Team at Danske Bank, suggests that in the US, the main release due today is the ADP private jobs report ahead of the official jobs report on Friday.

Key Quotes

“The jobs report on Friday is an important release ahead of the FOMC September meeting, as employment still seems to be a more important input to the Fed's reaction function than inflation, which continues to run somewhat below the 2% target. In addition, the Fed's Rosengren (voter, dovish) and Kashkari (non-voter, dovish) are due to speak today.”