Market reactions to January CPI: Investors weigh cooler inflation against a strong jobs report
January's consumer price index showed headline inflation moderating to 2.4% year-over-year, below expectations and down from December's 2.7%. Monthly headline CPI rose 0.2% versus a 0.3% consensus while core CPI matched forecasts on both monthly and yearly measures. The report followed a strong jobs print, spurring investors to price in a somewhat …