Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Caixin services PMI declines to 52.2 in March.
Upcoming:
- Japan: Consumer confidence report will be released at 5:00 GMT.
- Germany: Factory orders report will be released at 6:00 GMT.
- Switzerland: Consumer price inflation for March will be reported at 7:15 GMT.
- Italy: Wage inflation report will be released at 9:00 GMT.
- Greece: January unemployment report will be released at 9:00 GMT.
- United States: Challenger jobs report is scheduled for release at 11:30 GMT, followed by weekly jobless claims at 12:30 GMT. EIA will release natural gas inventory report at 14:30 GMT. FOMC member Williams will speak at 13:30 GMT. President Trump will meet Chinese President Xi today in the White House.
- Eurozone: ECB president Draghi is scheduled to speak at 20:00 GMT.
- Australia: AiG performance of construction report will be published at 23:30 GMT
