The inflation focus will remain in the coming week thanks to US, eurozone and China releases, while central bankers will also be in the spotlight at a conference in Sintra.
For the UK, the bigger news is at the end of the week with updates on GDP and house prices.
Friday also sees US PCE inflation and eurozone CPI releases, along with Chicago PMI and the University of Michigan confidence update.
ING economist James Knightly said: "Hawkish messaging from the Fed continued last week, and we'll likely see more of the same over the coming week with several officials scheduled to speak."
He said highlight of the week however will be Friday's PCE inflation, the Fed’s favoured measure of inflation, especially the core personal consumer expenditure deflator.
"Unfortunately, we don’t expect to see any real slowdown and the pricing for a July hike is likely to build."
Banks in focus
Wednesday's annual bank stress tests results, said Pozdnyakova, "will be closely watched following the regional banking turmoil this spring that resulted in several bank failures as well as lingering concerns over risks to the banking system tied to deposit dynamics and interest rates".
For the first time, the stress test will include an "exploratory market shock component", for the largest banks. The "severely adverse scenario" will focus on the effects of "a severe global recession" coupled with turmoil in real estate markets, both commercial and residential, and corporate debt markets, she noted.
"From central banks, all eyes will be on the ECB's central banking forum in Sintra running June 26-28," said Deutsche Bank analysts.
This year's theme is 'Macroeconomic stabilisation in a volatile inflation environment' and investors will be "laser-focused", said Deutsche's Galina Pozdnyakova, on the policy panel featuring Federal Reserve chair Jerome Powell, ECB president Christine Lagarde, BoJ governor Kazuo Ueda and BoE governor Andrew Bailey on Wednesday.
European inflation
For Europe-focused investors, CPIs will also be at the forefront of investors' attention, with Italy kicking off key releases on Wednesday and numbers from Germany and France are due on Thursday and Friday.
Other notable events include the European Council meeting on June 29-30 and Riksbank's monetary policy decision on Thursday.
In China, investors will be watching the official PMIs due on Friday to assess how further stimulus may be made available amidst the languishing economic growth picture, said Pozdnyakova.