What to Expect in Markets this Week: Inflation Data, Warsh Testimony in Congress, Bank Earnings

Markets are focusing on upcoming US inflation data, Bank earnings, and Warsh testimony in Congress. Bond traders have increased their bets for a July interest-rate hike, anticipating that the forthcoming inflation figures and the Federal Reserve head's appearance will reinforce the necessity for such action. These key events are expected to drive market volatility and influence monetary policy decisions as investors analyze the economic indicators and official testimonies provided throughout the week.