Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 52.5 in May.
- Australia: Westpac leading index up 0.2 percent in May. Construction works down in the first quarter down 0.2 percent.
Upcoming:
- France: ILO unemployment report for the first quarter will be released at 5:30 GMT. Flash PMI reports will be released at 7:00 GMT.
- Germany: Flash services PMI reports will be released at 7:30 GMT.
- Eurozone: Flash services PMI reports will be released at 8:00 GMT.
- United Kingdom: UK inflation reports (RPI, CPI, PPI, and HPI) will be released at 8:30 GMT. CBI trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Flash PMI reports will be released at 13:45 GMT. New home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT. Fed’s Kashkari is set for a speech at 18:15 GMT.
- New Zealand: April trade balance report will be released at 22:45 GMT.
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