Swiss Producer & Import Prices YoY (Dec) Y/Y -1.8% (Prev. -1.6%)
The Swiss Producer and Import Prices for December show a year-over-year decline of 1.8%, slightly worse than the previous decline of 1.6%.
[MARKET UPDATE] USD hit as Bessent talks, to the benefit of the GBP and EUR. Bessent essentially called for calm and some patience on relations re. Europe & Greenland, saying he is confident it will all work out and leaders won't escalate
US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week
Swiss Producer & Import Prices YoY (Dec) Y/Y -1.8% (Prev. -1.6%)
Japan Chief Cabinet Secretary Kihara says long term rate moves are to be determined by markets; are watching market moves incl. long-term rates
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This reinforces the trend of decreasing prices which could have implications for inflation expectations and Swiss monetary policy moving forward, particularly if this signals continued weakness in demand.
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