Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Australia: CPI inflation up 1.9 percent y/y, so is RBA trimmed mean CPI.
Upcoming:
- Switzerland: March trade balance report will be released at 6:00 GMT.
- France: April business climate report will be released at 6:45 GMT.
- Germany: IFO sentiment reports will be released at 8:00 GMT.
- Italy: Business and consumer confidence reports will be released at 8:00 GMT, followed by trade balance report at 10:00 GMT.
- United Kingdom: Public sector borrowing report will be released at 8:30 GMT, followed by Industrial trends survey report at 10:00 GMT.
- United States: S&P/Case-Shiller house price report will be released at 13:00 GMT, followed by new home sales report 14:00 GMT. Richmond Fed manufacturing report will be released at 14:00 GMT.
- Japan: Corporate Service price report will be released at 23:50 GMT.
- Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT, 2-year note at 17 GMT.
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