US: Expectation is for a 180k increase in ADP employment - Rabobank

Analysts at Rabobank explain that before the Fed announces its decision, the US ADP employment report will be published at 13:15BST and the consensus expectation is for a 180k increase in private sector hiring in April.

Key Quotes

“This would be significantly lower than 263k reported in March, however it is reasonable to expect a downside revision for this number. Given that last month the ADP proved a misleading indicator for the non-farm payrolls, the markets may not read too much from today’s release ahead of crucial US data on Friday.”