Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- United Kingdom: GFK consumer confidence index came at -14 in January.
- Australia: Australia’s terms of trade improved with export price index up 4.4 percent q/q in Q4, and import price index rising 0.5 percent.
- China: NBS manufacturing PMI came at 49.5 in January, and non-manufacturing PMI came at 54.7.
- Japan: Housing starts up 2.1 percent y/y in December.
Upcoming:
- Germany: December retail sales report will be released at 7:00 GMT, and followed by unemployment report at 8:55 GMT.
- France: CPI inflation report will be released at 7:45 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT, along with Q4 GDP, and followed by current account balance at 9:00 GMT.
- Italy: December unemployment report will be released at 9:00 GMT. Along with Q4 GDP.
- Eurozone: Q4 GDP report will be published at 10:00 GMT, along with the December unemployment report.
- United States: Weekly jobless claims report will be released at 12:30 GMT, followed by Chicago PMI report 14:45 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT.
- Japan: December unemployment report will be released at 23:30 GMT.
- Auction: the U.S. will auction 1-month bills at 16:30 GMT.
