OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
In terms of volatility risks, this week is relatively light, however, there are some scheduled events and data that readers need to keep a tab on.
What to watch for over the coming days:
- Economic data:
U.S second-quarter GDP report will be published on Wednesday and PCE inflation numbers on Thursday. German inflation and unemployment report on Thursday. Japan inflation and unemployment report on Thursday. Eurozone CPI inflation report on Friday. China PMI reports on Monday.
- Geopolitics:
International Court of Justice hears Iranian case against the U.S. over re-imposition of sanctions beginning Monday. EU foreign ministers and defense ministers will hold talks in Brussels.
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.
