The Federal Reserve Board of Governors: ADP data exceeded expectations, the labor market remains resilient.

[比推] The Federal Reserve Board of Governors member Mylan recently commented on the ADP employment data, calling it a real surprise. He believes that even before the government shutdown, the momentum in the U.S. job market seemed to be continuing. This suggests that the resilience of the labor market may be stronger than expected, which is a signal that cannot be ignored when assessing the future direction of monetary policy. After all, employment data has always been one of the important reference indicators for the Fed's decision-making.