[music] What is economic data and why is it vital for investors. Economic data comes in many forms and it informs investors and economists on the state of the economy which has many facets from jobs data to housing data. There's consumer confidence data and inflation data and so much more.Altogether they paint a picture of how the US economy is doing and if we're in an economic expansion or economic contraction. Additionally, they often have an immediate impact on the market. If jobs data misses expectation ...

Core Viewpoint - The USD/CHF exchange rate has declined for the second consecutive trading day, influenced by a general weakening of the US dollar and expectations of potential interest rate cuts by the Federal Reserve [2][3] Group 1: Economic Indicators - The US Producer Price Index (PPI) indicates a slowdown in inflation, while September retail sales growth was below expectations [2] - The Conference Board's Consumer Confidence Index fell to a seven-month low in November, reflecting concerns about the job market [2] Group 2: Federal Reserve Policy Outlook - New York Federal Reserve President John Williams suggested the possibility of short-term interest rate cuts without threatening inflation targets [2] - Federal Reserve Governor Christopher Waller mentioned that the current weakness in the job market could support a 25 basis point rate cut at the December meeting [2] - Another Fed Governor, Stephen Mihm, expressed similar views, indicating that a significant rate cut is needed to return policy to neutral levels due to ongoing economic weakness [2] Group 3: Market Reactions - Market reactions have been swift, with futures indicating an approximately 85% probability of a 25 basis point rate cut by the Federal Reserve in December [3] - In contrast, the Swiss National Bank is expected to maintain its main policy rate at 0.00% for an extended period, potentially until 2027, creating a divergence in policy expectations that pressures the USD/CHF exchange rate [3]