RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI rose to 52.6 in December from 52.4 in November.
- China: Caixin services PMI rose to 53.9 in December from 53.8 in November.
Upcoming:
- United Kingdom: Nationwide house price report will be released at 7:00 GMT.
- France: December CPI inflation report will be released at 7:45 GMT. Services PMI report will be released at 8:50 GMT.
- Spain: Services PMI report will be released at 8:15 GMT.
- Italy: Services PMI report will be released at 8:45 GMT. Followed by CPI inflation at 9:00 GMT.
- Germany: Services PMI report will be released at 8:55 GMT, along with unemployment report 8:55 GMT.
- Eurozone: Services PMI report will be released at 9:00 GMT, followed by December CPI and PPI inflation at 10:00 GMT.
- United Kingdom: Services PMI report will be released at 9:30 GMT, along with consumer credit and money supply statistics.
- United States: NFP report will be released at 13:30 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT, and oil inventory report at 16:00 GMT. FOMC member Bostic and Powell are set for a speech at 15:15 GMT. FOMC member Barkin and Bullard are set for a speech at 18:30 GMT.
