Institution: US June job data may make inflation the main driver of Fed policy.

Beichen Lin, an investment strategist at Russell Investments, said in a report that strong job creation in the United States is expected in June, which may dominate the shaping of the Federal Reserve's policy path. "If the labor market continues to remain strong, inflation may become a more important factor in determining the Fed's next steps," said the senior investment strategist. He added that with recent increases in mergers and acquisitions, IPOs, and debt issuances, a key point to watch is whether job creation in the financial services sector will accelerate. Analysts surveyed by The Wall Street Journal expect the addition of 115,000 jobs in June. This data is scheduled to be released on Thursday.