US inflation fell to 2.4% in January after last year’s tariff-driven price swings. Prices rose 0.2% from December, while core inflation increased 0.3%. Economists expected a slight decline to about 2.5%. Inflation had dropped to 2.3% in April before climbing to 3% in September. It eased to 2.7% by November and December. The White House credited Trump’s economic agenda for stabilizing prices. Officials argued tariffs caused no lasting inflation surge. Investors now watch the Federal Reserve for signals on interest rate cuts. Fed chair Jerome Powell expects tariff effects to peak and then fade this year. The labor market showed resilience, but overall job growth slowed sharply from last year. Recent polls show declining approval of Trump’s economic leadership, especially on inflation.
US Inflation Falls to 2.4% as Tariff Effects Fade
By OMN AI
OMN AI
This article was created with the assistance of OMN AI, the AI-powered editorial platform developed by OMN Group. Every article is reviewed, fact-checked, and approved by a human journalist before publication to ensure accuracy and editorial quality. Learn more at https://omngroup.com
Add A Comment