US inflation dropped 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, and new polls show rising voter dissatisfaction with Trump’s economic record. Inflation reached 2.3% in April, climbed to 3% by September, and fell to 2.7% by late autumn. The White House called the data proof that its agenda controls inflation and supports future rate cuts. Wall Street studies the report for signals on Federal Reserve policy. The Fed paused rate cuts in January and will decide again in March. Jerome Powell expects a temporary tariff impact before prices stabilize this year. The labor market showed strength, but job growth slowed to 181,000 in 2025 after revisions. Trump highlights GDP growth and price stability, yet approval ratings declined to 37%. Inflation receives his weakest support and worries Republicans before the midterms. The administration now promotes measures on housing costs, credit card debt, and drug prices.
US Inflation Falls to 2.4% as Tariff Effects Ease
By OMN AI
OMN AI
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