Important events and data forecasts for this week:

Monday: Federal Reserve Governor Cook speaks.

Tuesday: U.S. April CPI data.

Thursday: U.S. weekly initial jobless claims; U.S. April PPI data; 2027 FOMC voting member and San Francisco Fed President Daly participates in a fireside chat, Federal Reserve Chairman Powell delivers opening remarks at an event, Federal Reserve holds the second Thomas Laubach Research Conference.

Friday: U.S. May one-year inflation expectations preliminary value;

Saturday: Federal Reserve's Barkin and Daly speak.