Inflation Overview - Inflation slowed in January to 2.4%, the lowest pace since May 2025, following a positive jobs report, indicating the economy is currently avoiding the full impact of President Trump's tariffs [1][5] - The core inflation figure, excluding food and energy prices, decreased to 2.5%, marking the lowest level since 2021 [2] Employment Impact - Consumer inflation has been gradually decreasing from a peak of 3% in September, reaching 2.7% in December, while wholesale inflation remains elevated at 3% [3] - The strong payroll report indicated that US employers added 130,000 jobs in January, which may influence the Federal Reserve's decision-making regarding interest rates [3] Federal Reserve Response - The likelihood of a rate cut in the near term is diminished due to the robust employment numbers, as the Federal Reserve is balancing inflation concerns with employment growth [4]
Inflation slows to 2.4% in January, at tamest pace since last May
New York Post·2026-02-13 13:52