U.S. inflation moderated in January but not as fast as expected
Stock, currency, Treasury, trading volatile
Oil futures fall after reserve release news, inflation data

Feb 14 Reuters Equity indexes rose while the dollar index fell on Tuesday after data showed that U.S. inflation slowed in January, but still rose faster than expected, raising questions about when the Federal Reserve can pause policy tightening.

MSCI39;s all country index jumped to a session high right after the report came out, before retreating sharply and then rebounding again after the U.S. market open. The SP 500 benchmark started the session sharply lower, but rebounded strongly soon after the open.

After struggling to find direction after the report, U.S. Treasury yields soon increased and stayed above Monday39;s closing levels.

The dollar index was also lower in volatile trading.

The consumer price index increased 6.4 in the 12 months through January, marking its smallest annual rise since late 2021 but faster than the 6.2 economists had expected.

Monthonmonth, consumer prices rose 0.5 in January, after gaining 0.1 in December, the Labor Department said on Tuesday.

The topline and core were higher than consensus but yearoveryear both core and topline are still headed lower just less than expected. It still indicates that overall inflation is moving down, said Peter Cardillo, chief market economist at Spartan Capital Securities, New York.

While some investors had harbored hopes that the…