- Switzerland October inflation: 0.1% y/y (expected: 0.3% y/y; previous: 0.2% y/y)
- Monthly inflation: −0.3% m/m (expected: −0.1% m/m; previous: −0.2% m/m)
- Core inflation: 0.5% y/y (expected: 0.7% y/y; previous: 0.7% y/y)
Swiss inflation fell 0.3% m/m, driven by cheaper hotels and holidays, while clothing and housing costs rose slightly. The data is unlikely to shift SNB policy, as the bank has ended easing and expects inflation to average 0.4% in Q4.
BREAKING: EURUSD muted; US services growth cools in December as demand softens ๐
Barkin and Miran remain on opposite sides of the Fed policy path๐๏ธ
BREAKING: German inflation comes in significantly below expectations, EURUSD slips ๐
Chart of the Day: OIL.WTI; Trump counts on investment from US oil giants ๐๏ธ