"Revised Data Shows Slower US Inflation Fueling Fed Rate-Cut Optimism"

US inflation is expected to have slowed at the beginning of the year, potentially bolstering the case for Federal Reserve interest-rate cuts. The core consumer price index is projected to have increased by 3.7% in January, the smallest year-over-year advance since April 2021. Despite the cooling of inflation, Fed policymakers remain cautious about the possibility of rate cuts due to strong economic indicators such as durable employment growth and consumer spending. Additionally, global economic highlights include Japanese GDP, UK inflation and wages, and central bank decisions in various countries.