USD/CHF looks vulnerable above 0.8900 as uncertainty over US debt ceiling extends – by Sagar_Dua24 USDCHF SNB Fed Inflation RiskAversion
ted to display more downside as uncertainty over the US debt ceiling crisis has carry-forwarded as meetings among White House and Republican leaders ended without any conclusion.United StatesRepublican House of Representatives Speaker Kevin McCarthy has denied the approval of the debt ceiling raise without reducing the budget deficit. However, US President Joe Biden believes that cuts in spending initiatives could hurt Americans ahead.
An expression of persistent US inflation would force the Federal Reserve to reconsider its neutral guidance on interestOn the Swiss Franc front, the Swiss National Bank is expected to slow down the pace of hiking interest rates as the annual CPI has softened to 2.6% from the former release of 2.9%. Monthly inflation remained stagnant while the street was anticipating an escalation by 0.5%.
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