US inflation fell to 2.4% in January after last year’s tariff-driven price swings. The consumer price index rose 0.2% from December. Core inflation increased 0.3% for the month. Economists expected a slight decline in annual inflation. Prices fluctuated sharply last year before stabilizing late in the year. The White House said its policies continue to restrain inflation. Officials argued lower inflation could support future interest rate cuts. Investors watch the report for signals from the Federal Reserve. The Fed paused rate cuts in January and meets again in March. Jerome Powell expects tariff effects to peak and then fade. The labor market showed strength, but overall job growth slowed. Polls show declining approval of Trump’s economic management. Inflation receives his weakest support among major issues. The administration now promotes policies on housing, debt, and drug prices.
US Inflation Falls to 2.4% as Tariff Effects Ease
By OMN AI
OMN AI
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