Investors interact with consumer enlargement data

The consumer price index increased by 0.5 % in January, and increased by 3.0 % over the past 12 months, according to the work statistics office. Dow Jones economists expected a monthly increase of 0.3 % and an increase of 2.9 % on an annual basis.

Core CORE CPI, which excludes food and volatile energy, increased by 0.4 % for this month and 3.3 % over 12 months. Economists had been established in the basic price increase by 0.3 % in January and 3.1 % on an annual basis, according to Dow Jones.

The hot inflation report can pay the next Federal Federal Reserve expectations in the future. The Federal Open Market Committee chose to maintain prices without changing last month after cutting the previous three meetings.

“It is likely that the release of the most powerful consumer price index today will enhance the cautious approach to FOMC,” Whitney Watson, the co -chief of investment at Goldman Sachs Asset Management, said in a statement.

On Tuesday, Federal Reserve Chairman Jerome Powell The Senate appeared The Banking Committee said, and the central bank said, “It does not need to be in a hurry” to reduce interest rates.

“We know that limiting the control of policy very quickly or more than necessary can hinder the progress of inflation. At the same time, limiting the control of policy very slowly or very few may weaken economic activity and employment,” said Powell.

Powell will talk again to the House of Representatives Financial Services Committee on Wednesday.

The product price index will be published on Thursday.

Investors are also struggling with the potential impact of definitions, as US President Donald Trump signed an order Monday to add a 25 % duty to steel and aluminum imports.