Weekly Economic Review

Waiting for fresh US inflation data:

- Important inflation data is expected this week, specifically the Personal Consumption Expenditure (PCE) price index, the Federal Reserve's (Fed) preferred inflation gauge.

- The data will be released on Friday and will be key in determining the future direction of interest rates.

Implications of the Fed minutes:

- Minutes from the Fed's last meeting and comments from policymakers suggest doubts about achieving the 2% inflation target.

- Markets are bracing for the possibility of higher and longer-term interest rates.

European Central Bank (ECB):

- The ECB may cut interest rates sooner than other major economies, as the ECB's chief economist suggested in an interview with the Financial Times.