Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap 
Australia Inflation Accelerates to 4% After RBA Rate Hike 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
Asian Currencies Mixed as Yen Slides on BOJ Rate Signals 
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Few economic dockets and events scheduled for today and all with low to medium risks associated.
Data released so far:
- New Zealand: ANZ business confidence improved to 21.7 in December. ANZ activity outlook improved to 39.6 percent in December.
- China: House price index rose 12.6 percent y/y in November.
Upcoming:
- Germany: IFO sentiment report will be released at 9:00 GMT. Bundesbank will release its monthly report at 11:00 GMT.
- Eurozone: Third quarter labor cost will be released at 10:00 GMT, along with construction output for October.
- Australia: CB leading indicator for October will be published at 13:30 GMT.
- United States: Flash services PMI data will be published at 14:45 GMT.
- New Zealand: Food price index for October will be published at 21:45 GMT.
- Auction: US will auction 3-month and 6-month bills at 16:30 GMT.
