This week's earnings calendar features 263 companies, notably Oracle on Monday, BHP and Johnson Controls on Tuesday, Adobe on Wednesday, Costco and Lennar on Thursday, and Darden Restaurants plus Winnebago on Friday.

However, amid these reports, the spotlight shines on inflation. Tuesday's Consumer Price Index (CPI) release is expected to hold at zero, a market-friendly scenario. The Producer Price Index (PPI) on Wednesday might show a slight increase, signaling potential inflation.

The Federal Reserve chair's Jerome Powell announces their decision on Wednesday, expected to maintain the current rates. Powell's subsequent press conference may trigger market volatility.

Meanwhile, three other central banks—Swiss National Bank, Bank of England, and the European Central Bank (ECB)—will also announce their rates.

Furthermore, manufacturing and services data from various countries on Friday, including the US, may contribute to market fluctuations. Brace for a dynamic week, featuring CPI and PPI reports, Fed announcements, multiple central bank decisions, and crucial economic data.

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