Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
The Federal Open Market Committee kept the federal funds rate at 3.50%-3.75% in January, according to Federal Reserve meeting minutes.
Minutes revealed continued concerns about inflation remaining beyond the 2% objective. While tariff-driven core goods inflation is likely to fall later this year, most members cautioned that progress toward the target could be gradual and uneven, with the possibility of chronically high inflation.
On the labor market, policymakers said that conditions appear to be stabilizing after a gradual cooling. Layoffs are low, but hiring is slow, with firms cautious. The downside risks to employment have decreased since the previous meeting.
Members anticipate strong growth in 2026, but expressed considerable uncertainty about the forecast. Most members believe that employment hazards have subsided, whereas inflation risks remain more pronounced. Some warned that reducing rates too fast could jeopardize commitment to the 2% target.
