US Inflation Cools in January, Boosting Real Earnings and Fed Rate Cut Hopes

Key TakeawaysUS Inflation Eases: The Consumer Price Index (CPI) rose 0.2% month-over-month in January, below estimates of 0.3%. Year-over-year, CPI cooled to 2.4% from 2.7% in December.Real Earnings Jump: Real average weekly earnings surged 1.9% year-over-year, a significant increase from the 1.1% rise in the previous month, as wage growth outpaced inflation.European Security in Focus: German Chancellor Friedrich Merz called for a stronger, more self-supporting European pillar within NATO and initiated conf ...