U.S. Companies Add 235,000 Jobs in Oct. ADP Report

The video discusses the market's reaction to an upside surprise in the ADP report, noting changes in yields and the dollar index. It compares the ADP report with payrolls, highlighting distortions in payroll data and the implications for the FOMC decision. The discussion also covers the yield curve dynamics, with a focus on the market's pricing of anticipated rate hikes by the Fed, suggesting a potential flattening of the curve from the front end.

What are the anticipated rate hikes that the Fed has been discussing for next year?

What is the expected adjustment in the curve as mentioned in the text?