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