Fed Chair Jerome Powell hinted at the lasting impact of global trade and monetary shifts during an event celebrating the Federal Reserve's Division of International Finance.
U.S. manufacturing activity slipped further into contraction in May, according to the latest ISM Manufacturing Index report.
Key reports this week include Europe's CPI and Unemployment data, the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, the U.S. ADP Nonfarm Employment Change report, and the U.S. ISM Non-Manufacturing PMI report.
The European Central Bank is expected to announce an interest rate cut on Thursday, while the U.S. will release crucial data on imports, exports, and the labor market throughout the week.