US Inflation Seen Accelerating in January, Global Data Flood Keeps Investors on Edge

Underlying US inflation seen rising 0.4% monthly in January, the most in a year, indicating bumpy path to taming price pressures

Rise would mark second straight monthly acceleration in inflation gauge tracked by Fed, potentially diminishing market expectations for rate cut

Crucial inflation reports from euro zone, Japan, Australia to keep investors busy along with US growth, homes sales, manufacturing data

Australia's January CPI may inch up to 3.5% year-on-year, still slow enough to sustain rate cut speculation

Euro zone inflation report Friday lands amid 24-hour flurry of releases; numbers poured over by ECB officials before March 7 meeting