Collin Martin from @CharlesSchwab says ADP employment is not enough to understand what's actually happening in the labor market. The lack of Friday's non-farm payrolls print adds to what he considers a foggy road ahead for a data-dependent Fed. Collin expects to see one more interest rate cut from the FOMC but says projections after that are up in the air. He tells investors to listen to Fed speakers and how they approach interest rates, noting that commentary from the source will offer more insight on the path forward.

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