Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
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 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: House price growth up 5 percent y/y in June.
Upcoming:
- Italy: Industrial sales and orders report will be released at 8:00 GMT, followed by CPI inflation report at 9:00 GMT.
- United Kingdom: BoE governor Carnet is set for a speech at 8:00 GMT. ILO unemployment report will be released at 8:30 GMT. NIESR might release GDP estimate today.
- Canada: Manufacturing shipments report for the month of May will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT. Industrial production report will be released at 13:15 GMT. Fed’s Powell is set to testify before Senate committee today; the hearing would begin at 14:00 GMT. NAHB housing market report will be released at 14:00 GMT. Treasury flow report will be released at 20:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT.
