- Prior +0.8%
- CPI m/m -0.1% vs -0.3% expected
- Prior m/m 0.0%
- Core CPI Y/Y +0.8% vs +1.0% prior.
That’s a big miss and it further reinforces the need for the SNB to move faster on cuts. The market will likely favour a 50 bps cut for December now.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Recent Posts
Categories
Related Articles
CCI Histogram Volume MT5 Indicator
The world of financial markets can feel like a whirlwind of charts,...
Global Market Weekly Recap: November 18 – 22, 2024
Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...
FX Weekly Recap: November 18 – 22, 2024
Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied...
Gold closes week above $2,700, US PCE data in Focus
Gold price rallies to a new two-week high on Friday during the...
Leave a comment