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STORY: From inflation data in the U.S. and Britain - to stimulus fatigue in China - these are the top business and finance stories to watch in the week ahead.

U.S. economic data has been positive, and the June inflation reading of 3% was the smallest annual increase in over two years.

Fed Chair Jerome Powell has said reducing inflation will likely take a period of below-trend growth.

That makes Thursday's consumer price index report for July critical.

Lower numbers could increase the likelihood of a pause in rate rises.

China's stumbling post-pandemic economy needs help.

But the scope of what Beijing has offered so far has underwhelmed the market.

In some rare good news - a private survey showed services activity picked up in July.

The question now is whether trade numbers on Tuesday and inflation data on Wednesday can provide any additional cheer.

The UK economy is still dodging a recession for now.

Part of that comes down to resilient consumers.

The other part is the time it takes for interest rate rises to filter through to borrowing costs - like mortgages.

The Bank of England raised rates to a 15-year-high of 5.25% this month.

GDP figures for the last three months due on Friday will provide more insight on how inflation and wage growth are stacking up.