Monthly inflation closely watched for slowing or stabilisation. But no rate cuts .. yet.

There'll be a lot of attention later this morning when we'll get an update on inflation which continues to cause of lot of financial pain for households. Economists think the consumer price index probably fell by 0.2 percent in January due to lower travel and fuel costs But the closely-watched annual rate is likely to have risen slightly to 3.5 percent from 3.4 percent because of volatile factors in the reading