US inflation data is in focus this week following a surprisingly strong jobs report, with expectations for headline inflation to dip to 2.3% while core inflation remains steady at 3.2%. The robust labor market, highlighted by a drop in the unemployment rate to 4.1%, may influence the Federal Reserve's future interest rate decisions, potentially shifting from larger cuts to smaller ones. As bank earnings season begins, major institutions like JPMorgan and Wells Fargo will report Q3 results, providing insights into profitability amid changing rates.