Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
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 3.6 percent in February. The unemployment rate declined to 5.5 percent as participation rate dropped by 0.1 percent. The economy added 16,000 jobs in January.
- Japan: Industrial production rose by 2.9 percent in December, up 4.4 percent from a year ago.
Upcoming:
- France: Fourth quarter ILO unemployment report will be released at 6:30 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT.
- Italy: December trade balance report will be released at 9:00 GMT.
- Greece: Consumer price inflation report will be released at 10:00 GMT.
- Eurozone: ECB’s Praet is set for a speech at 10:45 GMT, and Lautenschläger at 12:00 GMT.
- United States: New York empire state manufacturing report will be released at 13:30 GMT, along with January producer price inflation report and weekly jobless claims report. Philadelphia Fed manufacturing survey report will also be released at 13:30 GMT, followed by January industrial production report at 14:15 GMT. EIA will release weekly inventory report at 15:30 GMT. Treasury fund inflow report will be released at 21:00 GMT.
- New Zealand: Business PMI report will be released at 21:30 GMT.
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