The holiday shortened week ahead is light on economic data but there are some releases worth monitoring such as the services PMIs and jobless claims. I will be focusing on job openings, as labor supply remains tight in many sectors as people continue to deal with childcare issues, pandemic concerns, and would rather stay home and collect relatively attractive unemployment benefits. Last month openings nearly equaled the number of unemployed, which I expect to continue to narrow. Additionally, I will have a keen eye on the FOMC meeting minutes as inflation and the Federal Reserve continue to drive markets.
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