U.S. January’s employment report likely to weigh on FOMC March meeting

The Fed's January's Labour Market Conditions Index (LMCI) edged up 0.4 points, suggesting slow pace of growth since April 2015. Also, January's employment report showed that the service sector job gains grew at a slower rate. December's LMCI was further revised down to 2.3 points, from 2.9 point gain forecast.

"While it did not change our view on the underlying strength of the US economy, the January employment report sent mixed signals on the near-term path of job gains, which we believe will discourage the Fed from raising rates at the next FOMC meeting in March" says Barclays in a research note