Inflation will be in focus in the US this week, with the August consumer price index due on Wednesday. The annual rate of increase fell below 3.0% for the first time in three years last month, and markets will be hoping for another moderation ahead of next week's Federal Reserve meeting. Markets are expecting the first Fed rate cut of this cycle, while they see a 30% likelihood of a larger 0.50% cut. We’ll also be watching the second presidential debate, but the first between Donald Trump and Kamala Harris, which takes place on Tuesday in Philadelphia. Here at home, the June quarter survey of manufacturing is out on Tuesday, which will help economists finalise their estimates for next week's quarterly GDP release. We'll also get monthly migration figures and the latest housing market report from the Real Estate Institute.