Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

"People are a little bit nervous, and they want to be cautious going into CPI tomorrow," he added. Investors now await the Consumer Price Index (CPI) on Wednesday to analyse the Fed's policy path.

We worry that the recent easing of financial conditions and energy prices could easily start to counter the restraint ... Today's CPI makes that a more comfortable hold." ...

Options traders are bracing for the US equity benchmark’s busiest CPI day since March 2023. The index is expected to move 1% in either direction on Jan. 15, based on the cost of at-the-money ...

"This strength comes despite a somewhat bearish inventory report from the EIA, as well as a stronger-than-expected CPI report, which likely pushes the Fed's first rate cut further back." ...

The CPI(M) on Wednesday (January 29 ... adjacent to the Orient Chowmuhani (Square), after rejecting previous requests to hold it at open fields such as Swami Vivekananda Stadium and Umakanta ...