Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance for February came at 3.574 billion. RBA kept interest rates steady at 1.5 percent.
Upcoming:
- Spain: Unemployment change for March will be reported at 7:00 GMT.
- Italy: Fourth quarter debt to GDP ratio would be published at 8:00 GMT, followed by wage inflation report at 9:00 GMT.
- Eurozone: February retail sales report will be released at 10:00 GMT.
- United States: February trade balance will be reported at 12:30 GMT, followed by ISM New York index at 13:45 GMT and Factory orders at 14:00 GMT. TIPP economic optimism numbers will also be published at 14:00 GMT. Fed’s Tarullo is scheduled to speak at 20:30 GMT.
- New Zealand: Global dairy auction is scheduled today.
- United Kingdom: BRC shop price inflation will be reported at 23:00 GMT.
- Australia: AiG performance of services index will be updated at 23:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT. Spain will auction 6-month and 12-month bonds today.
