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, while core inflation increased 0.3%. Economists had expected a slight decline to 2.5%. Prices dropped to 2.3% last April, then climbed to 3% by September before easing again. The White House credited Trump’s policies and denied lasting tariff spikes. The Federal Reserve paused rate cuts in January and will decide again in March. Chair Jerome Powell said tariffs may cause a temporary rise before prices stabilize. The labor market remained steady, though job growth slowed compared with 2024. Recent polls show declining approval of Trump’s economic leadership, especially on inflation. The administration has proposed measures to lower housing, credit card, and drug costs.
US Inflation Falls to 2.4% as Tariff Effects Ease
Andrew Rogers
Andrew Rogers is a freelance reporter based in Miami, USA, with over 10 years of experience covering a wide range of topics, including General News, World Affairs, Business, Technology, Politics, Finance, Health, Lifestyle, Sports, and Travel. He holds a degree in Journalism from the University of Florida and is known for his keen eye for detail and dedication to delivering accurate and engaging stories. His reporting keeps readers informed about the latest events and trends across the nation and around the world.
Add A Comment
© 2026 Miami Mirror Online. All Rights Reserved.