
Real Vision: Finance & Investing US Jobs Slump, Fed Cut Odds, and Ethereum’s Fusaka Upgrade: PALvatar Market Recap, December 04 2025
Dec 4, 2025
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ADP Decline Dramatically Shifts Market Odds
- ADP reported a surprising decline of 32,000 private sector jobs, the largest drop in 2.5 years.
- Markets price a roughly 90% chance of a Fed cut next week after the report.
Jobs Miss Fuels Rate-Cut Odds
- Weak US private jobs data increased expectations of a near-term Fed rate cut and lifted global equities.
- The dollar fell for a 10th straight day, marking its longest losing streak in 50 years.
Dollar Slump And Nikkei Rally
- The dollar's 10-day decline is the longest in half a century and reflects growing rate-cut bets.
- Japan's Nikkei jumped over 2.3% after a strong bond auction, showing region-specific drivers.
