RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
In terms of volatility risks, this week is heavy as there are several events one needs to keep a tab on.
What to watch for over the coming days:
- Central Banks:
Federal Reserve chairman Jerome Powell will be testifying before Senate committee as a part of his two-day semi-annual testimony beginning Tuesday.
- Economic data:
China GDP report on Monday along with industrial production and retail sales numbers, and house price report on Tuesday. U.S. retail sales on Monday, and Industrial production report on Tuesday. UK unemployment report on Tuesday, Inflation report on Wednesday, and retail sales report on Thursday. Eurozone inflation report will be released on Wednesday. Australia’s unemployment report will be released on Thursday. Canada CPI inflation report on Friday.
- Geopolitics:
President Trump is meeting President Putin in Helsinki. The European Union officials begin their summit with China in Beijing.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.
