Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals

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Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
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Crypto investors will be eyeing a flurry of U.S. jobs, retail sales and other macroeconomic data this week for signs that inflation is waning without casting the economy into a steep recession. JPRubin23 writes

Crypto investors will be eyeing a flurry of U.S. jobs, housing and other macroeconomic data this week for signs of their dream scenario: that inflation is waning without casting the economy into a steep recession.

Last week’s 3.1% reading, which continued a downward trend, left crypto markets largely unmoved , as did the following day’s mildly encouraging Producer Price Index for June and a few faint signs earlier this month that the job market is cooling.

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