February’s U.S. CPI report — launched this morning (March 11) — got here in precisely as anticipated. In keeping with the Bureau of Labor Statistics, headline CPI rose 0.3% month-over-month and held regular at 2.4% year-over-year. Core CPI, which strips out meals and vitality, printed 0.2% m/m and a pair of.5% y/y, each matching consensus forecasts. The fast market response was comparatively muted — the U.S. Greenback Index edged barely increased, whereas equities slumped later within the session as Treasury yields pushed increased. Markets seem like wanting via this “pre-Iran battle” snapshot and positioning for what elevated oil costs may imply for the March CPI print.
That macro backdrop — an in-line inflation print, a Fed nearly sure to carry charges regular on the March 17–18 FOMC assembly, and a fancy geopolitical overhang — is exactly what makes USD/CHF an fascinating pair to observe proper now, and the one we’re advancing from watchlist to technique growth this week.
