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THINK Ahead: US jobs data and the ECB's inflation test
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https://think.ing.com/articles/think-ahead-jobs-and-the-ecbs-inflation-test/
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THINK Ahead: US jobs data and the ECB’s inflation test
The desk anticipates positive market sentiment following the upcoming US jobs data release, as noted in the commentary, which highlights the potential for a robust job report amidst falling gasoline prices easing inflation. Per the full note [source], the July 4th holiday has led to a shortened reporting week, but a projected June non-farm payroll increase of around 110,000 reinforces the Federal Reserve's rate hike expectations. This is indicative of continued support for risk appetite as economic indicators are trending positively ahead of the release.
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