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(Bloomberg) The surprise jump in the January consumer price index probably will be less pronounced in the Federal Reserve’s preferred inflation gauge and potentially less alarming to central bank officials as they weigh when to cut interest rates.Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillWall Street Roiled by ‘Still Sticky’ CPI Signals: Markets WrapPutin Seeks Revenge on a World Order He Once Wanted to JoinRetail Traders Are Losing Billions in India’s B

Ellen zentnerStuart paulBloomberg businessweekAnna wongBureau of labor statisticsMorgan stanleyFederal reserveBureau of economic analysis on febEconomic analysisTops forecastsFed rate cutLabor statisticsConsumer price indexCore pcePersonal consumption expenditures price indexNice index