Markets already unhappy about the weakening US fiscal picture and worried about heavy new US Treasury debt supply will continue to focus on the fate of the president's One Big Beautiful tax and spending bill, which would add trillions to the deficit. On the other hand, taxes would rise for most taxpayers if the bill is not approved. House GOP leaders are pushing to secure enough support to approve the bill on the House floor on Wednesday night after making progress with some holdouts on Wednesday morning.

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.