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Consumers are far less likely to splurge on a large purchase than they might otherwise be.
May kicks off with a busy first week filled with earnings, monetary policy and a snapshot of the health of the economy.
U.S. employers added some 235,000 workers during the first full month of real estate mogul Donald Trump's presidency, according to the U.S. Labor Department.
Investors will likely need more clarity on ADP's second half of the year.