Main release will be US CPI for September. Inflation has been subdued in the pastmonths with monthly changes in core CPI being low. However, the flat reading m/mlast month was partly due to some one-off factors and core CPI is expected to haverisen 0.2% m/m in September. Inflation pressure has come down recently and therecent decline in commodity prices is adding further to this picture. This is giving theFed plenty of flexibility to delay the first hike if necessary.
Minutes from the latest Bank of England meeting are due for release. Followingweaker data for housing as well as manufacturing lately, the tone is likely to havesoftened somewhat.
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