[Market Bets November ADP Data Won't Stop Fed's December Rate Cut] According to IFR reports, market positioning indicates that the likelihood of a Federal Reserve rate cut in December is nearly certain. November ADP employment is expected to increase by 10,000, significantly lower than October's 42,000, and the ADP weekly employment report has recorded negative values for three consecutive weeks. Due to the government shutdown delaying the release of key labor market data, this month's ADP report is particularly important, but it remains unclear how well the weekly data aligns with the actual monthly data.