Turkey Economic Confidence Index down to 99.4 in December from previous 99.5

Japan Consumer Confidence Index came in at 37.9 below forecasts (38) in January

US President Donald Trump and Democratic Senator Chuck Schumer attempted to reach a possible agreement to negotiate new restrictions on federal immigration agents,  the New York Times reported on Wednesday.

Australia Export Price Index (QoQ) up to 3.2% in 4Q from previous -0.9%

Australia Import Price Index (QoQ) registered at 0.9% above expectations (-0.2%) in 4Q

New Zealand ANZ Business Confidence: 64.1 (January) vs previous 73.6

Japan Foreign Investment in Japan Stocks dipped from previous ¥874B to ¥328.1B in January 23

New Zealand Trade Balance NZD (YoY) dipped from previous $-2.06B to $-2.2B in December

New Zealand Trade Balance NZD (MoM) came in at $52M, above expectations ($30M) in December

New Zealand Exports: $7.65B (December) vs $6.99B

New Zealand Imports rose from previous $7.15B to $7.6B in December

At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.

United States Fed Interest Rate Decision meets forecasts (3.75%)

This is a summary of the main highlights following the BoC’s interest rate decision earlier on Wednesday.

US Treasury Secretary Scott Bessent said rate decisions remain firmly in the Fed’s domain and expressed hope that policymakers would keep an open mind.

Canada BoC Interest Rate Decision in line with expectations (2.25%)

The Bank of Canada (BOC) is expected to keep its policy rate unchanged at 2.25% for the second consecutive meeting.

Speculation is intensifying over US President Donald Trump’s nomination of the next Chair of the Federal Reserve (Fed), an announcement that could come as early as today, while the Federal Open Market Committee (FOMC) is also holding its monetary policy meeting.

TD Securities' Global Strategy Team provides insights on the upcoming Bank of Canada Rate Decision scheduled for January. The expectation is for the overnight rate to remain at 2.25%, with a cautious tone in the policy statement.

United States MBA Mortgage Applications dipped from previous 14.1% to -8.5% in January 23

Ireland Retail Sales (MoM) declined to -0.4% in December from previous 0.5%

Ireland Retail Sales (YoY): -0.1% (December) vs previous 2.5%

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday. Markets widely expect the US central bank to keep the policy rate unchanged in the range of 3.5%-3.75%.

India Cumulative Industrial Output up to 3.9% in December from previous 3.3%

India Manufacturing Output up to 8.1% in December from previous 8%

India Industrial Output above expectations (5.5%) in December: Actual (7.8%)

The Bank of Canada is expected to maintain its overnight target at 2.25%, a decision anticipated by forecasters and OIS markets. Recent economic data has tempered rate cut expectations, leading to a slight easing bias in the near term and a mild hiking bias later in 2026.

Austria UniCredit Bank Manufacturing PMI fell from previous 49.3 to 47.2 in January

Italy Business Confidence above forecasts (89) in January: Actual (89.2)

Italy Consumer Confidence came in at 96.8 below forecasts (97) in January