Week Ahead – SNB to Cut Again, RBA to Stand Pat, PCE Inflation Also on Tap

Summary The February consumer price data came in a touch stronger than expected. The headline CPI increased 0.4% in the month, led by higher gasoline prices (+3.8%). Excluding food and energy prices, core inflation also registered 0.4%. However, the unrounded 0.36% bump in core CPI was not too far off our forecast for a 0.30% […]

On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering interest rates next year. Powell said monetary tightening is likely complete and discussions about cuts are “on […]

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%. UK job market slows down The UK labor market has remained resilient despite elevated interest rates but is showing signs of cracks, based on today’s employment release. The unemployment rate rose to 3.9% in the […]