New data may point to emerging tension between the U.S. Federal Reserve's dual inflation and employment goals, as price pressures remained sticky in January while consumer spending slowed more than expected.

The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September.

Mounting economic uncertainty is fueling speculation that the Federal Reserve may be compelled to resume cutting interest rates sooner than previously anticipated. Traders are increasingly betting on a June rate cut,