USD/CHF is trading sideways around 0.8970 as traders await the Fed’s interest rate decision. The Swiss Franc is gaining strength due to the SNB’s hawkish stance. The CME FedWatch Tool indicates a decreased probability of a rate cut in September. The SNB Financial Stability Report and US inflation data are key events to watch. The Fed is expected to keep interest rates steady to control inflation. Strong US jobs data has reduced the likelihood of a rate cut in September. The US CPI figures for May are expected to show increases in both headline and core inflation.