Business Lookahead: scaling the peaks [Video]

STORY: From a big hint about what the Fed does next, to a key moment for Sterling, these are the top stories in business and finance to watch out for in the coming days.

Critical U.S. inflation data out Friday may determine what the Fed does next.

Any sign that price rises are cooling off will add to bets that rates have peaked.

Also looming is the June 1 deadline for lifting the debt ceiling, with recent days offering hope that a deal will be done.

China’s central will set its loan prime rate on Monday.

With a recovery sputtering, there are growing expectations of more stimulus measures from Beijing.

Tuesday’s closely watched U.S. purchasing managers’ index will measure business conditions.

A strong number might actually disappoint equity investors in Europe.

Shares there have benefited as signs of U.S. economic weakness drove some buyers to seek assets in other regions.

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