Big economic or political changes: U.S. CPI inflation data came in lower than expected, boosting rate cut odds;
Federal Reserve faces DOJ subpoenas amid political tensions over independence; U.S. Supreme Court ruling on trade tariffs under IEEPA is due today, potentially impacting global trade and risk assets; World Economic Forum highlights rising concerns over geoeconomic confrontation, inflation, and asset bubbles; Japan's potential snap election is driving yen weakness and market rallies.
