Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
The yen plunges to 34-year low despite interest rate hike 
Inflation: raising interest rates was never the right medicine 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
The Federal Reserve held off hiking interest rates 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: National Australia Bank’s business confidence index rose to 11 in December and business condition index rose to 13.
Upcoming:
- France: Fourth quarter GDP report will be released at 6:30 GMT, followed by consumer spending report at 7:45 GMT.
- Switzerland: December trade balance report will be released at 7:00 GMT, followed by KOF leading indicator at 8:00 GMT.
- Spain: Fourth quarter GDP report will be released at 8:00 GMT.
- Italy: Consumer and business confidence report will be released at 9:00 GMT.
- United Kingdom: Consumer credit and money supply reports will be released at 9:30 GMT. BoE governor Carney is scheduled to speak at 15:30 GMT.
- Portugal: Consumer and business confidence report will be released at 9:30 GMT, followed by unemployment report at 11:00 GMT.
- Greece: December producer price inflation report will be released at 10:00 GMT.
- Eurozone: Fourth quarter GDP report will be released at 10:00 GMT, along with sentiment reports.
- Germany: Consumer price inflation report will be released at 13:00 GMT.
- United States: S&P Case-Shiller home price report will be released at 14:00 GMT.
- Japan: Industrial production reports will be released at 23:30 GMT.
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