Markets expect a considerably upbeat U.S. CPI to tip the scales in favor of Fed tightening quickly, however what if the numbers fail to impress?
Our Occasion Information for the U.S. CPI factors out that the prevailing stagflation narrative raises the bar for war-related worth pressures to persuade the Fed to behave.
This is what I am watching on USD/CHF and AUD/USD on this situation.
