Dhaka, Jan. 28 -- The US central bank is seen delivering two more quarter-point interest-rate increases before ending its current round of rate hikes in March, after a government report showed inflation continued to slow last month, reports Reuters.

The Fed's preferred gauge for inflation, the personal consumption expenditures (PCE) price index, rose 5.0 per cent last month from a year earlier, slower than the 5.5 per cent 12-month gain as of November, the Commerce Department reported.

Core PCE, which the Fed uses to gauge the underlying momentum of inflation, rose 4.4 per cent from a year earlier, but in the most recent three-month average around 3.2 per cent on an annualized basis.

That cooling has traders betting the Fed will soon w...