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Output fell at a sharper rate than hours worked, the Labor Department said.
Food rose 0.5 percent in January, a sharper rate than in the last several months.
Overseas students increased at a sharper rate, rising by more than 20%.
The Fed may now be providing too much stimulus, he said, and overheating could end up forcing sharper rate increases.
With a light calendar of economic data this week, Treasuries turned their attention to the potential for sharper rate increases.
Hotel costs in other cities, while starting at a base line substantially lower than New York's, have been rising at a sharper rate.
Similar(46)
And so there were widespread predictions of sharp rate rises.
He said: "The sharp rate in decline we are experiencing is unprecedented.
Capacity came under renewed pressure, with backlogs rising at the sharpest rate since May 1997.
Early this month, consumer sentiment dropped by the sharpest rate since August 1990, when Iraq invaded Kuwait.
Subsequently, service providers raised their own prices at the sharpest rate since January 2014.
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CEO of Professional Science Editing for Scientists @ prosciediting.com