Inflation: raising interest rates was never the right medicine 
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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Westpac leading index flat in May.
Upcoming:
- Switzerland: May trade balance report will be released at 6:00 GMT.
- France: Business climate report will be released at 6:45 GMT.
- United Kingdom: CBI industrial trade report will be released at 10:00 GMT. MPC member Forbes is scheduled to speak at 18:00 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by House price report at 13:00 GMT. FOMC member Powell is scheduled to speak at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT. Kansas Fed manufacturing report will be published at 15:00 GMT.
- Canada: Retail sales report for April will be published at 12:30 GMT.
- Eurozone: Flash consumer confidence report for June will be published at 14:00 GMT.
