Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
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 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI rose to 52.5 in April.
- China: Caixin manufacturing PMI rose to 51.1 in April.
Upcoming:
- Switzerland: SECO consumer climate report will be released at 5:45 GMT, followed by retail sales report at 7:15 GMT, and SVME PMI report at 7:30 GMT.
- Spain: Markit manufacturing report will be released at 7:15 GMT.
- Italy: Markit manufacturing report will be released at 7:45 GMT, followed by unemployment report at 8:00 GMT, and first quarter GDP report at 9:00 GMT.
- France: Markit manufacturing report will be released at 7:50 GMT.
- Germany: Markit manufacturing report will be released at 7:55 GMT. Bundesbank President Weidmann is set for a speech at 15:30 GMT.
- Eurozone: Markit manufacturing report will be released at 8:00 GMT, and first quarter GDP report at 9:00 GMT. Unemployment report will also be published at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and ISM New York report at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
- Australia: AiG performance of services report will be published at 23:30 GMT.
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