ADP Jobs Added 497k In June! Almost Guarantees Another Rate Hike At July FOMC Meeting, 10Y T-Yield UP >10 BPS, 2Y T-Yield UP 16 BPS (Yellen Goes To China?) Bitcoin Cash UP 10%
by confoundedinterest17 The good news (if true)? ADP announced that 497k jobs were added in June. The bad news? A 497k print on jobs (many seasonal, it is summer!) almost guarantees that The FOMC (Fed Open Market Committe) will raises …