USDCHF Technical Analysis – The US CPI triggers a repricing in expectations ...Middle East

Fundamental OverviewYesterday, we got the US CPI report and, although as expected it didn’t have the same large impact as it used to, the core m/m figure surprised to the upside. The shelter component re-accelerated and that’s something to keep an eye on given the imminent rate cut cycle.The data triggered a repricing in interest rates expectations with the market now seeing just a 13% probability of a 50 bps cut at the upcoming FOMC meeting and less easing further out the curve. For the SNB, the market expects the central bank to cut by 25 bps at the upcoming meeting with a total of 55 bps of easing seen by year-end. Right now, it looks like the Fed is going to cut rates into a resilient ec

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