Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 52.5 in May.
- Australia: Westpac leading index up 0.2 percent in May. Construction works down in the first quarter down 0.2 percent.
Upcoming:
- France: ILO unemployment report for the first quarter will be released at 5:30 GMT. Flash PMI reports will be released at 7:00 GMT.
- Germany: Flash services PMI reports will be released at 7:30 GMT.
- Eurozone: Flash services PMI reports will be released at 8:00 GMT.
- United Kingdom: UK inflation reports (RPI, CPI, PPI, and HPI) will be released at 8:30 GMT. CBI trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Flash PMI reports will be released at 13:45 GMT. New home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT. Fed’s Kashkari is set for a speech at 18:15 GMT.
- New Zealand: April trade balance report will be released at 22:45 GMT.
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