Consumer price data set for release Wednesday was collected before the Iran war, a conflict that has stoked fresh uncertainty about the economic outlook. .

Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.

Christopher J. Waller, a Federal Reserve governor, said he would support a pause in rate cuts in March if the labor market continued to show…

Barring a rapid deterioration in the labor market or a significant cooling of inflation, the Federal Reserve appears poised for an extended hold.

The Consumer Price Index fell in January to 2.4 percent from 2.7 percent a month