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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