*FED FOMC Member Bullard said in his speech that the FED would have to increase the interest rate above 5% to stop inflation, that they thought they could pull inflation down while maintaining a strong labor market, that the markets may have overpriced the risk of recession in 2023, and that with inflation falling this year, they thought they could moderate it. He said he expects growth.

* Minutes of the meeting held by the FED on February 1 at 22:00 (GMT +3)  tonight in the USA, in which the interest rate was increased by 50 basis points, will be announced. It was also stated at this meeting that the shrinkage of the balance sheet would continue as planned, that the continuation of interest rate hikes would be appropriate and that inflation was still high.

*In Germany, the Consumer Price Index, which we tracked for January, increased by 1.0% monthly and 8.7% annually, as expected. The data showed a monthly decrease of 0.8% and an annual increase of 8.6% in December. The European Central Bank may continue to increase interest rates for a while, as inflation in Germany and the Euro Zone is well above the 2% target.

* Another important data announced in Germany, IFO Business World Index rose from 90.1 to 91.1. In the assessment made by IFO, it was stated that the German economy will not come out of the recession, but it will be moderate, the proportion of companies that want to increase prices has decreased, export expectations in the industry have decreased, and the atmosphere in the tourism and accommodation sector has improved significantly.