U.S. data supports possible lower Fed rate hike in February

Jan. 18– Recent U.S. economic data have raised expectations that the Federal Reserve will be more measured in its interest rate hike cycle, as there is growing evidence that inflation continues its downward trend. There is now a nearly 94% probability that the increase in the Fed's rate range will be 25 basis points at the Jan. 31- Feb. 1 monetary policy meeting,…