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Inflation: raising interest rates was never the right medicine 
The Federal Reserve held off hiking interest rates 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation declined to 3.9 percent in July.
Upcoming:
- Germany: CPI inflation report will be released at 6:00 GMT.
- France: CPI inflation report will be released at 6:45 GMT.
- United Kingdom: BoE will release the credit condition survey report will be released at 8:30 GMT.
- Eurozone: Industrial production report will be released at 9:00 GMT.
- United States: FOMC member Kashkari is set for a speech at 12:30 GMT. Weekly jobless claims report will be released at 12:30 GMT, along with CPI inflation report. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Harker is set for a speech at 16:15 GMT. June budget statement will be released at 18:00 GMT.
- Canada: New house price report will be released at 12:30 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
- Auction: U.S. will auction 30-year bond at 17:00 GMT.
