Clubcard branding is seen next to shoppers inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022.
Markets expect the Fed to keep rates on hold, but have priced about a 40% chance of another hike by year's end.
Canada's bigger-than-expected bounce in consumer prices, driven by surging gasoline costs, might provide handy evidence for the Fed to err on the restrictive side of rates settings.
Higher energy prices could also drive a surprise in British CPI at 0600 GMT, where economists see the year-on-year headline figure rising to 7% in August from 6.8% in July.
China declined to cut rates, weighing on Chinese stocks, while currency trade was in a holding pattern.
Persons:
Paul Childs, Tom Westbrook Jerome Powell, Sterling, Stocks, Jerome, Tom Westbrook, Muralikumar
Organizations:
REUTERS, Brent, Bank of, HK, Federal, Thomson
Locations:
London, Britain, Canada, Asia, China