BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Not many economic data and events scheduled for today and all with low to medium risks associated.
Data released so far:
- China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade balance came at $40.818 billion.
Upcoming:
- Germany: Wholesale price inflation for December will be reported at 7:00 GMT.
- Spain: Consumer inflation number will be released at 8:00 GMT.
- United States: Retail sales report for December will be published at 13:30 GMT, along with producer price inflation and followed by Michigan consumer sentiment report at 15:00 GMT. FOMC member Harker is scheduled to speak at 14:30 GMT.
