Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Upcoming:
- Spain: November unemployment change report will be released at 8:00 GMT.
- Switzerland: Real retail sales report will be released at 8:15 GMT, followed by SVME PMI report at 8:30 GMT.
- Germany: December unemployment report will be released at 9:00 GMT.
- United Kingdom: Markit construction PMI report will be released at 9:30 GMT.
- Portugal: Consumer and business confidence report will be released at 9:30 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT, followed by ISM New York report at 14:45 GMT and ISM manufacturing PMI report at 15:00 GMT. FOMC will release minutes of meeting at 19:00 GMT.
- Australia: AiG performance of services report will be released at 22:30 GMT.
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