Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
German Industry Employment Falls to Lowest Level in a Decade 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: GDP grew by 1.3 percent in the first quarter, up 6.9 percent from a year ago. Industrial production grew by 7.6 percent y/y in February, and retail sales grew by 10.9 percent.
Upcoming:
- Japan: BoJ governor Kuroda is scheduled to speak at 6:15 GMT.
- Germany: Bundesbank will release the monthly report at 12:00 GMT.
- United States: New York empire state manufacturing index will be reported at 12:30 GMT. NAHB housing market index for April will be updated at 14:00 GMT. Treasury will release details of flow till February around 20:00 GMT.
Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT.
