US stocks jump as investors look to a further slowdown in consumer inflation

• US stocks jumped Monday ahead of Tuesday's consumer price index report.
• Wall Street expects January inflation to slow to an annual pace of 6.2% from 6.5% in December.
• But Fed policymakers have said recently that the central bank still has a lot of work to do on inflation.

US stocks jumped Monday as investors looked to Tuesday's consumer price index report, which is expected to show a further slowdown in inflation.

Wall Street estimates that January inflation will show an annual pace of 6.2%, down from 6.5% in December as well as June's high of 9.1%. The Labor Department will publish the data at 8:30 a.m. ET.