Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index up 0.1 percent y/y in November.
- Australia: Construction work done in the third quarter is down 2.8 percent.
Upcoming:
- Germany: GFK consumer confidence report will be released at 7:00 GMT.
- France: Q3 GDP report will be released at 7:45 GMT.
- United Kingdom: Bank stress test report might be released today by BoE. BoE governor Carney is set for a speech at 16:45 GMT.
- Italy: PPI inflation report will be released at 9:00 GMT.
- Eurozone: Private loans and money supply statistics will be released at 9:00 GMT.
- Switzerland: Zew survey report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. Q3 GDP report will be released at 13:30 GMT, along with October goods balance report, and followed by new home sales report at 15:00 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. Fed’s Powell is set for a speech at 17:00 GMT.
- Japan: October retail trade report will be released at 23:50 GMT.
