The cost of USA credit default swaps (CDS) is rising due to market concerns about the prospects for interest rate cuts and economic outlook after the release of inflation and employment data in the USA this week. Swiss franc analyst Ipek Ozkardeskaya of UBS Bank said: "Higher-than-expected inflation and lower-than-expected employment data are generally unfavorable for growth prospects." She stated that the Federal Reserve may have to pause rate cuts to address inflation and slow down economic growth. s&p global market intelligence data shows that the USA 5-year CDS rose to 46 basis points, a 9-month high, while the 1-year CDS rose to 46 basis points, a 10-month high.