The consumer’s price index (IPC) showed certain indicators below expectations, weakening the US dollar in the market. In January, the annual rate remained at 1.4% below the market consensus of 1.5%. In the month the CPI increased 0.3%.
The underlying rate it was up 1.4% from a year ago, also below the 1.5% expected, after remaining unchanged in January, against a 0.2% rise expected based on average analyst estimates.
Later Wednesday, the chairman of the Federal Reserve, Jerome Powell will speak on the labor market before the Economic Club of New York. Data on wholesale inventories and the fiscal result for January will also be known.
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