US CPI is the big event of the day. Expectations center on a 0.3 percent increase on the month for total and for core CPI though plenty of forecasts call for 0.4 percent for both. After a series of weak US employment reports, the CPI would have to be terrible to alter expectations for a rate cut next week though it could alter expectations for the rest of the year, which now call for two more rate cuts in October and December.

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.