Against a background of a resurgence of the coronavirus pandemic, the main U.S. economic data in the coming week will be the reports on consumer and producer price inflation.

Here’s what you need to know to start your week.
US Inflation Numbers
The U.S. consumer price index and the producer price index released Wednesday and Thursday, CPI is expected to moderate slightly after last month’s jump of 0.9%, the strongest gain since June 2008.
The upbeat jobs numbers coupled with uncomfortably hot inflation data could prompt Fed officials to announce plans to begin tapering bond purchases as soon as September.
FED Speech
Several Fed officials are due to make appearances in the coming week including Atlanta Fed President Raphael Bostic and Richmond Fed head Thomas Barkin on Monday, Chicago Fed President Charles Evans on Tuesday and Kansas City Fed President Esther George on Wednesday.
US Earnings
Earnings will continue in the coming week, but the number of companies reporting will tail off as earnings season continues to wind down.
Out of the 427 companies in the S&P 500 that have reported earnings so far, 87.6% beat analyst expectations.
Bitcoin Update
Bitcoin rose to its highest level in two months on Sunday as market sentiment recovered but remained fragile. The digital currency hit $45,284, its highest since mid-June.
UK GDP Report
The UK is to release figures on June GDP growth on Thursday. The June numbers will add to data already released, giving a full picture of how the economy performed in the second quarter.
With restrictions easing economists expect the economy to have rebounded around 5% after a contraction at the start of the year.
(source: Investing, Reuters and Yahoo Finance)
