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Happening now: Politics and Prediction markets hosted with @GUFinPolicy in Fisher Colloquium! Follow along with the conversation here! 🧵

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GU Psaros Center for Financial Markets and Policy
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ADP revisions for Aug (-3K private sector jobs vs an earlier estimate of +54K) lowered the three-month average for that series to +26.7K from +45.7K. That brings it closer to BLS's +29.3K for the same period. Sept was -32K for ADP, lowering the three-month average to +23.6K

Other alternatives are trying to chip away at the dollar's power but any changes will likely be small. While the Euro is the closest contender today, Schwimmer told @lizrhoffman the Chinese Yuan faces challenges related to capital controls and the Japanese Yen doesn't have a large enough market.


