February’s U.S. CPI report — launched this morning (March 11) — got here in precisely as anticipated. In response to 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 couple 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 trying by this “pre-Iran battle” snapshot and positioning for what elevated oil costs might imply for the March CPI print.
That macro backdrop — an in-line inflation print, a Fed virtually sure to carry charges regular on the March 17–18 FOMC assembly, and a posh geopolitical overhang — is exactly what makes USD/CHF an attention-grabbing pair to look at proper now, and the one we’re advancing from watchlist to technique growth this week.
