Fast food for thought
Insights and research on global events shaping the markets
Flash note
Flash note
Flash note
Analysis of SNB meeting and press conference on 25.09.2025
Analysis of Fed decision and press conference on 17.09.2025
Today’s release of the August consumer price index (CPI) was mostly in line with expectations: Headline numbers came in a tad stronger than expected, and pushed the index up from 2.7% to 2.9%, while the core index (excluding prices for energy and food) stayed at 3.1%. Together with the softer than expected producer prices (PPI) from yesterday and higher than expected initial jobless claims (263k instead 236k, driven by a strong outlier from Texas) the CPI will not pivot the US central bank (FED) away from a 25 basis point rate cut in September. But we don’t expect a larger cut and remain sceptical about the 3 rate cuts the market is currently pricing for the remainder of the year – why is that?
Chairman Powell, Fed policy, and central bank independence
A quick update about new US inflation data and our FED monetary policy outlook
Investing with intelligence
Our latest research, commentary and market outlooks