The preliminary reading for the US one-year inflation rate in January was 4.2%, compared to a forecast of 4.1%.

The preliminary reading of the US one-year inflation rate in January was 4.2%, below the expected 4.1% and the previous reading of 4.20%. The preliminary reading of the University of Michigan Consumer Sentiment Index in January was 54, below the expected 53.5 and the previous reading of 52.9.