Ahead of the next Federal Reserve policy meeting on July 25-26, the focus for this week is on US inflation data, consumer prices on Wednesday and producer prices on Thursday. Some easing in inflationary pressures is expected.

The US data calendar is thin on Monday.

The second estimate for May wholesale inventories is a 0.1 percent draw, unchanged from the first estimate.

Consumer credit is expected to increase $20.0 billion in May versus an increase of $23.0 billion in April.

Federal Reserve Vice Chair for Supervision Michael Barr will participate in a panel discussion about bank supervision, regulation, and capital requirements at the Bipartisan Policy Center, in Washington DC at 10 a.m. EDT (1400 GMT).

San Francisco Federal Reserve Bank President Mary Daly will join David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, for a fireside chat to discuss inflation, monetary policy, and the economy at 11 a.m. EDT (1500 GMT).

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.