The main U.S. stock indices declined yesterday, which was facilitated by the release of inflation data for January. Dow Jones lost 0.77%, S&P 500 - 1.33%, Nasdaq - 1.80%. Shares of IT giants (Amazon, Alphabet, etc.) fell within 2%, and the yield of treasuries jumped to the maximum value for two months.

A report from the country's Labor Ministry showed that inflation is not slowing as fast as analysts had hoped. It fell to 3.1% last month, while the forecast estimate was 2.9%. Rising prices were driven by higher housing and healthcare costs, Investing.com reported, citing Reuters.

Now the probability of a key rate cut in May is estimated at 38% - before the report was released it was 58%. Market participants fear that a slower fall in inflation will prompt the Federal Reserve to delay monetary easing, on which players had high hopes at the end of last year and the beginning of this year.