US: ADP employment and Fed beige book in focus - TDS

Research Team at TDS, suggests that in today’s session Fed’s Beige book and ADP employment data will be of utmost importance for the investors.

Key Quotes

“The Fed Beige Book is at 1400 ET ahead of the March 16th FOMC meeting. We will look to the details of the report for quantitative evidence that the US economy has stumbled since the January meeting, which would take pressure off the FOMC for action at the March meeting.

ADP employment will be eyed ahead of Friday’s payrolls and TD looks for +165k, below the market estimate of +188k.”