In today’s fluctuating economic landscape, the Federal Reserve seems to be shifting gears, adopting a less dovish approach that has everyone, including me, curious about the implications. What if the latest surge in U.S. inflation data throws a wrench in the works, pushing rate cut expectations even further away? With business PMI surveys indicating rising input and output costs, along with an uptick in wage growth, the stakes are high. As I dive into what this could mean for currency pairs like USD/CHF and NZD/USD, I’m thinking—can we really afford to ignore these market signals? Buckle up, because we’re about to explore the intricacies of these developments and what they could potentially unleash on the trading front. LEARN MORE.
With the Fed taking a less dovish stance in their latest policy decision, will hotter U.S. inflation data further dampen rate cut expectations?
Our Event Guide for the U.S. CPI Report points out that business PMI surveys reported stronger input and output cost pressures while wage growth has shown momentum.
Here’s what I’m watching on USD/CHF and NZD/USD in this scenario.
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