Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
FxWirePro- Major Crypto levels and bias summary 
William C Dudley, President at New York Federal Reserve, has rejected the criticism that FED is creating more confusion over its rate hike communication. Expectations of rate hike from FED was initially focused on June, which was scaled back to September and now to December after FOMC chose to hold rates this month. Focus now shifted to December, though many economists as well as market participants think FED will hike next year.
Some of the central bankers in emerging markets have also criticized FED for communicating and keep reiterating rate hike but refraining from pulling the trigger, which according to them is creating unnecessary uncertainty.
Mr. Dudley reiterated FED's ambition to hike rates and countered the criticism saying that while all including the market would love clarity how the world will evolve but FED can't make the world more certain that it actually is.
