Following geo negotiations that reportedly made little progress, it seems Trump's patience has run out and a 10 to 15-day deadline has been set for an agreement with Iran. Meanwhile, in response to reports of the US considering a limited strike, the Islamic Republic warned that in case of military aggression, it will deliver a "decisive response". Iran stated that it does not seek war, but considers all enemy bases and facilities in the region as legitimate targets. These tensions have raised concerns in global markets, particularly oil, with Brent crude surpassing $70.

Australia’s unemployment rate held at 4.1 percent in January, and employment increased by 17.8 thousand jobs, mainly driven by full-time positions. This data indicates that the labor market remains strong, and the economy can withstand tight monetary policy. Following this report, the likelihood of another rate hike by the Reserve Bank of Australia in the coming months increased. Officials emphasized that, despite a relative easing of pressures, inflation remains above the target, and continued contractionary policy is necessary.

The court ruling invalidates a large portion of Trump administration tariff policies in its second term, but other legal avenues to impose tariffs remain available to the White House. Trump called the ruling regrettable and stated he intends to rely on other trade laws, including Section 122 of the Trade Act of 1974, to impose tariffs of around 10% on foreign goods. However, these alternative paths are usually more time consuming and come with greater legal limitations, therefore implementing tariffs quickly and broadly, as in the past, will be more difficult.

US economic growth in the fourth quarter came in below expectations, with annualized GDP rising only 1.4%. Data from the Bureau of Economic Analysis shows that the prolonged government shutdown and weaker trade were key factors behind this weakness. Despite the slowdown, the American consumer and heavy investment in artificial intelligence infrastructure have continued to support the economy. Donald Trump described the shutdown’s impact as significant, while core inflation remains elevated and complicates the monetary policy path. As a result, Federal Reserve officials currently prefer to keep interest rates unchanged until a clearer picture of inflation and growth emerges.