Ella 
On Tuesday, as the market returns to normal trading, Federal Reserve policymakers will speak as planned, and the influential U.S. PCE price index is expected to be released later this week.
Meanwhile, the U.S. dollar remains under moderate selling pressure so far this week, extending Friday’s losses as U.S. five-year consumer inflation expectations unexpectedly slowed in May. The reading was 3.0%, down from 3.1% in April and below expectations of 3.1%. Markets see a 50% chance that the Fed will keep rates on hold in September, according to the CME FedWatch tool.
Over the past week, Federal Reserve policymakers have tended to take a cautious stance on the outlook for inflation, stoking concerns among market participants that the central bank could cut interest rates this year. Therefore, the upcoming speeches by Federal Reserve Governor Michelle Bowman and Cleveland Fed President Loretta Mester in Asia will be closely watched by the market to determine the future trend of interest rates.
