US January CPI (YoY) Trends at 2.4 Percent, Under Expectations.
US January headline CPI was 2.4% which is less than the 2.5% forecast whereas it is less than 2.7 which is earlier.
The data shows that the inflationary pressure is becoming eased further, which may affect the monetary policy expectations and the sentiment in the market.
News should not be considered as an advice to invest.
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