Among other reports, investors will be eyeing ADP’s private sector jobs total, which last month, soared beyond expectations, a concern for inflation watchers. Jobs data will highlight this week’s economic calendar. Investors will be looking for continued signs of a cooling employment market and slowing growth, which would suggest inflation is waning and possibly buoy risk-on asset markets, although cryptos have been largely immune from significant macroeconomic events. Hot jobs data, which typically accompanies rising prices, has been a particular concern for the U.S. central bank, which raised the interest rate 25 basis points (bps) last Wednesday. Recent productivity and consumer spending reports have been more encouraging. Friday’s 3% Personal Consumption Expenditures (PCE) was
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