Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Trade balance for June came at $42.77 billion. Imports are up 17.2 percent, while exports are up by 11.3 percent.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- France: HICP inflation report for June will be released at 6:45 GMT.
- Spain: HICP inflation for June will be released at 7:00 GMT.
- Switzerland: Producer and import price inflation report will be released at 7:15 GMT.
- United States: Producer price inflation report will be published at 12:30 GMT, along with weekly jobless claims report. Janet Yellen will testify before Congress for a second day beginning at 14:00 GMT. Fed’s Evans will be speaking at 15:30 GMT, and Brainard at 17:00 GMT
- Canada: House price report is scheduled for release at 12:30 GMT.
- New Zealand: June business PMI report will be published at 22:30 GMT.
- Auction: U.S. will auction 30-year bond at 17:00 GMT.
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