Headline inflation in the US rose +2.9% y/y in January, compared with consensus of +2.8% and December’s +3.0%. Earlier this month, US data released came in better than expected. US’ initial jobless claims surprisingly fell -10K to 348K in the week ended February 11. The market had anticipated a rise to 364K. The 4-week moving average fell -2K to 365K, the lowest reading since March 2008.
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