Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer price inflation expectation rose to 3.7 percent in May. Employment rose by 22,600. The unemployment rate rose to 5.6 percent on the higher participation rate.
Upcoming:
- Italy: March trade balance report will be released at 8:00 GMT.
- Eurozone: Construction output report will be released at 9:00 GMT. ECB Vice President Constancio is set for a speech beginning at 10:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with Philadelphia Fed manufacturing survey. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Kashkari set for a speech at 14:45 GMT, and Kaplan at 17:30 GMT.
- Canada: April ADP employment report will be released at 12:30 GMT. BoC will release review report at 14:30 GMT.
- United Kingdom: MPC member Haldane is set for a speech at 16:00 GMT.
- Japan: April inflation report will be released at 23:50 GMT.
- Auction: Spain will auction 3-year, 5-year, and 10-year bonds today. France will auction 10-year bond today.
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