A big day for CPI reports with France, the UK and the US issuing December reports.

The US numbers, due at 8:30 am ET, are guaranteed to attract the most attention in global markets as they are a key input for the Federal Reserve in setting monetary policy. Expectations for CPI call for a 0.3 percent rise on the month with core CPI up 0.2 percent.

Fed speakers on the calendar include:

Richmond Fed President Thomas Barkin at 8 am ET at the Maryland Chamber of Commerce

Minneapolis Fed President Neel Kashkari in fireside chat at 10 am ET before virtual Federal Reserve Bank of Minneapolis 2025 Regional Economic Conditions Conference

New York Fed President John Williams at 11 am ET the Connecticut Business and Industry Association Economic Summit and Outlook 2025

Chicago Fed President Austan Goolsbee at 11 am ET at Wisconsin Bankers Association Midwest Economic Forecast Forum

The Fed beige book on US economic conditions is due for release at 14:00 ET.

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.