Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: December trade balance came at $54.69 billion with exports rising 10.9 percent y/y and imports rising 4.5 percent y/y.
Upcoming:
- France: Consumer price inflation report will be published at 7:45 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT.
- Italy: November industrial output numbers will be released at 9:00 GMT.
- Greece: CPI inflation report will be released at 10:00 GMT.
- United States: retail sales report will be released at 13:30 GMT, along with consumer price inflation report for December.
- Germany: Bundesbank President Weidmann is scheduled to speak at 16:30 GMT.
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