Fed Minutes Signal Another Rate Hike by Year-End 
RBI Rate Hike Bets Surge as Inflation Rises 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: House price growth in May declined to 10.4 percent y/y.
- Australia: New motor vehicle sales grew 2.9 percent in May, up 4.9 percent from a year ago.
Upcoming:
- United Kingdom: Brexit negotiations officially begins today.
- Eurozone: Construction output report for April will be published at 9:00 GMT.
- United States: Fed’s William Dudley is scheduled to speak today at 12:00 GMT. Evans is scheduled to speak at 23:00 GMT.
- Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT. Spain will auction 10-year bond today.
