Fed’s Williams Signals One More Rate Hike Before Year-End 
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Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Westpac consumer confidence declined by 1.8 percent in June.
- China: Urban investment is up 8.6 percent y/y. Industrial production is up 6.5 percent y/y. Retail sales grew 10.7 percent y/y in May.
- Japan: Industrial production is up 5.7 percent y/y in April, up 4 percent on a monthly basis.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- United Kingdom: Unemployment report will be published at 8:30 GMT.
- Eurozone: Industrial production report for April will be released at 9:00 GMT, along worth first quarter employment change report.
- United States: MBA mortgage applications report will be published at 11:00 GMT, followed by retail sales report and consumer price inflation report at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. FED will announce interest rate decision at 18:00 GMT.
- New Zealand: 1st quarter GDP details will be released at 22:45 GMT.
