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

The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points. 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. To be sure, even a continuation of recent encouraging signs, including last Wednesday’s slightly more than expected drop in the Consumer Price Index (CPI), is unlikely to stir the U.S. central bank from its plan to raise the interest rate by 25 basis points (bps). The Federal Open Market Committee (FOMC) begins its next two—day policy meeting, during which it will come to a rate decision, on July 25. The FedWatch tool, which gauges sen