The upcoming release of US inflation data is drawing attention due to the strong jobs report and its implications for the Federal Reserve's policy.
Analysts predict a decline in the headline inflation rate to 2.3 percent, the lowest level since February 2021, while core inflation is expected to remain steady at 3.2 percent.
These figures will inform the Fed's approach to interest rates, with the possibility of smaller rate cuts in the future.
The recent jobs report, which showed a drop in the unemployment rate to 4.1 percent and exceeded wage growth expectations, has reshaped expectations for the Fed's trajectory.
The minutes from the September meeting will provide further insight into the decision-making process.
The earnings season for major US banks is also commencing, with a focus on how they are managing their operations amid changing interest rates.
The performance of these banks will serve as an indicator of the broader economic environment.
The convergence of inflation data, Fed minutes, and bank earnings will be closely monitored by investors for signs of economic resilience or weakness and to gauge the future direction of monetary policy.