U.S. consumer prices likely maintained a steady pace of increase in January as businesses raised prices at the start of the year, which together with a stabilizing labor market could allow the Federal Reserve to keep interest rates unchanged for a while.
The anticipated rise in the Consumer Price Index would also reflect the continued pass-through from President Donald Trump's broad tariffs, economists said. The Labor Department's consumer inflation report on Friday would follow on the heels of news this week of an acceleration in job growth in January and the unemployment rate falling to 4.3% from 4.4% in December.
Source : Reuters.com