Slower US Inflation Is Set to Fuel Fed Rate-Cut Optimism
- UK data may show weakening pay pressures, price-growth blip
- Japanese GDP, Lagarde testimony, Russian rate decision due
Shoppers and pedestrians on Broadway in the Soho neighborhood of New York.
Photographer: Shelby Knowles/BloombergThis article is for subscribers only.
The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months.
The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing 3.7% in January from a year earlier.