According to reports from Wu, both the Federal Reserve and the Bank of Japan maintained interest rates last week. The Federal Reserve's upper limit is 4.50%, and the Bank of Japan's policy rate is 0.5%. The Swiss National Bank cut rates by 25 basis points to zero, while the Bank of England maintained a rate of 4.25%.
Bank of Japan Governor Kazuo Ueda stated that if the economic outlook is realized, interest rate hikes will be considered. This week, attention is on Powell's semiannual monetary policy report to the House and Senate, as well as U.S. economic indicators such as the core PCE for May.