Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Australia Bans Card Payment Surcharges Starting October 2025 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: December producer price inflation came at 4.9 percent y/y. Consumer price inflation rose 0.3 percent in December, up 1.8 percent from a year ago.
Upcoming:
- France: November industrial output report will be published at7:45 GMT.
- United Kingdom: Manufacturing and industrial production report will be published at 9:30 GMT, along with trade balance.
- United States: MBA mortgage applications report will be released at 12:00 GMT, followed by terms of trade report at 13:30 GMT. Fed’s Evans is scheduled to speak at 14:00 GMT. EIA will release weekly oil inventory report at 15:30 GMT. Fed’s Bullard is scheduled to speak at 18:30 GMT.
- Auction: The U.S. will auction 10-year note at 18:00 GMT.
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