Fed's Hammack Urges Faster Rate Hikes to Fight Inflation 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
US Dollar Index Falls as Fed Signals Caution, Indian Rupee Surges 
IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks 
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This week is a filled with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Federal Reserve will announce interest rate decision on Wednesday. Swiss National Bank (SNB) will announce interest rate decision on Thursday. European Central Bank (ECB) will announce the rate decision on Thursday. Bank of England (BoE) will announce the rate decision on Thursday.
- Economic data:
UK’s inflation report on Tuesday and unemployment report on Wednesday. U.S. producer price inflation report on Thursday. U.S. producer price inflation data on Tuesday, consumer price inflation numbers on Wednesday, and retail sales report on Thursday.
- Brexit:
European leaders will gather in Brussels on Friday to discuss progress on Brexit, grant their blessings for the second phase of talks on trade and future relations, and to debate the economic and monetary union. The meeting comes a week after Britain reached a historic deal on Brexit terms, enshrining special rights for 4m citizens and paying €40bn to €60bn in a divorce settlement that clears the way for trade talks next year.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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