Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Australia Bans Card Payment Surcharges Starting October 2025 
Oil Prices Rise as U.S.-Iran Tensions and Strait of Hormuz Disruptions Persist 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
Iran Tightens Grip on Strait of Hormuz as Oil Prices Surge 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
USDA Plans to Expand Farmer Surveys to Improve Crop Report Accuracy 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- The 43rd G7 summit begins today in Italy.
- United States: Fed’s Bullard is scheduled to speak at 6:45 GMT. First quarter flash GDP numbers will be released at 12:30 GMT, along with durable goods orders and followed by Michigan consumer sentiment report at 14:00 GMT.
- Italy: Consumer and business confidence reports for May will be published at 8:00 GMT.
