Policy makers of the Federal Reserve (Fed) have expressed concerns about increased spending ability and a strong labor market, which may result in inflation rates decreasing slower than expected. The FOMC meeting report from last week also indicated that the central bank is still concerned about reducing interest rates too quickly and prefers to wait for additional data before making decisions to ease monetary policy.

Thomas Jordan, Chairman of the Swiss National Bank (SNB), has expressed confidence that inflation rates will remain within the central bank's target range of 0-2%, leading markets to anticipate a potential interest rate cut in September. However, recent inflation rates in Switzerland may prompt an earlier reduction in interest rates.

The announcement of the United States' Gross Domestic Product (GDP) for the fourth quarter will take place on Thursday. Investors are also interested in the fourth-quarter GDP growth of Switzerland and the Core Personal Consumption Expenditures (Core PCE) of the United States, which is used as a measure of Fed's inflation rates, and may have a significant impact on the USD/CHF currency pair.