The most recent Beige Book from the Federal Reserve suggests that the economy is growing at a slight or modest pace, which is in line with economists' expectations.

There is evidence of consumer resistance to inflation driven by profits, indicating a change in inflation dynamics. Bank of England Governor Andrew Bailey has observed a greater-than-expected disinflation, highlighting the complexities of profit-led inflation cycles where price increases are driven more by margin expansion than by the economic cycle itself.

Business sentiment surveys are adding to the economic calendar, although they have often predicted negative outcomes in manufacturing that have not actually occurred. The frequency of speeches from central bank officials, including upcoming remarks from Bailey and ECB Chief Economist Philip Lane, may be causing fatigue among market participants.