Powell testifies in Congress on Wednesday and Thursday with tomorrow's inflation print on his mind. Consensus sees 4.9%, a tad slower than May's reading, while Bloomberg Economics expects a second red-hot 5% pace. Factory-gate inflation, a day later, may show a pick-up to 6.7%. On Thursday, jobless claims may see a further downward drift, but June's industrial and manufacturing output numbers probably eased. Retail sales on Friday are estimated to have declined.