Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
ECB May Stop Rate Hikes After December, Capital Economics Says 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
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Not many of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- New Zealand: Credit card spending rose up 7 percent y/y in April.
Upcoming:
- Eurozone: EU will release financial stability review at 8:00 GMT.
- OPEC: OPEC meeting is scheduled for today.
- United States: Chicago Fed national activity report will be released at 12:30 GMT. FOMC member Bostic is set for a speech at 16:15 GMT, Harker at 18:05 GMT, and Kashkari at 21:30 GMT.
- Auction: The U.S. will auction 3-month and 6-month bills at 15:30 GMT.
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