ECB May Stop Rate Hikes After December, Capital Economics Says 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: BoJ kept monetary policy unchanged.
- China: Foreign Direct Investment (FDI) declines to 0.7 percent y/y.
Upcoming:
- Japan: BoJ Governor Kuroda’s press conference is scheduled at 6:30 GMT.
- Italy: April trade balance report will be released at 8:00 GMT.
- Eurozone: May CPI inflation numbers will be published at 9:00 GMT, along with first quarter Labor costs.
- United Kingdom: BoE will release quarterly bulletin at 11:00 GMT.
- United States: Building permits and housing starts numbers will be updated at 12:30 GMT, followed by Michigan consumer sentiment at 14:00 GMT. Fed’s Kaplan is scheduled to speak at 16:45 GMT.
