Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.
Based on data, SNB Governor Thomas J. Jordan said they could hike in December. The USD\/CHF pair extends some of last week\u2019s losses, courtesy of the Fed officials\u2019 hawkish commentary, which triggered risk aversion in the financial markets. Therefore, global equities dropped while the safe-haven status of the dollar surged. At the time of writing, the USDCHF is trading at 0.9410, registering decent losses of 0.18%.
US equities declined following remarks by two Fed members. During the weekend, Christopher Waller said that the Fed \u201cstill has ways to go\u201d regarding tightening monetary conditions. He added that the US central bank is not close to pausing and that it could moderate the size of interest-rate increases to 50 bps at their December meeting or the one after that, reiterating that the US central bank is not close to pausing.
On Monday, Fed Vice-Chair Lael Brainard commented that it\u2019s appropriate to slow the pace of rate hikes, though emphasized that \u201cwe have additional work to do.\u201d Brainard added that it would take some time for the cumulative tightening \u201cto flow through\u201d the economy. She said that October\u2019s CPI print might suggest that the Fed\u2019s favorite gauge for inflation, the Core PCE, \u201cmight be also showing a little bit of reduction.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Fe members stressed the need to prolong rate hikes, even though at a slower pace, and the comments by Fed Vice Chair Lael Brainard, in particular, are bolstering the US dollar. The Swiss Franc continues to strengthen against the US Dollar.Based on data, SNB Governor Thomas J. Jordan said they could hike in December. The …<\/p>\n","protected":false},"author":13,"featured_media":36454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,10077,7078],"class_list":["post-75621","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-lael-2","tag-usd-chf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75621"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75621\/revisions"}],"predecessor-version":[{"id":75625,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75621\/revisions\/75625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}