Financial markets experienced volatility this week as expectations for a Federal Reserve rate cut increased, driven by disappointing US non-farm payroll data. Investors are now focusing on next week's macroeconomic indicators, particularly the US Consumer Price Index (CPI) data, which could influence the Fed's rate cut trajectory. A 50-basis-point cut is being speculated for September 17. Key events include the New York Fed’s one-year inflation forecast on Monday, US non-farm employment data on Tuesday, and China's August CPI on Wednesday. The European Central Bank will announce its interest rate decision on Thursday, followed by US CPI data and initial jobless claims. The week concludes with the US inflation forecast and the University of Michigan Consumer Confidence Index on Friday.