
US dollar and assets under pressure ahead of Wed’s crucial CPI update | MarketTalk: What’s up today? | Swissquote
Last week was packed with tariff uncertainty and weak economic data. Friday’s jobs figures - the first set of jobs data of the new Trump era so far marked by mass firings at federal agencies - resulted in a weaker-than-expected NFP print, a higher-than-expected unemployment rate and a lower-than-expected participation rate.
This week, the US CPI update will be closely watched. The rising inflation expectations keep the Federal Reserve (Fed) doves on the sidelines but the recession bets are rising and the latest forecasts point at a sharp drop in economic growth in Q1. Soft inflation is needed for the...