A new report out from the Commerce Department shows inflation cooled off slightly last month. Doug Ford's landslide win sets stage for Trump fight Trump Wants the US To Stop Minting Pennies — Here’s W

The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the Fed’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.

Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.

Bond yields surged as President Donald Trump entered the Oval Office amid fears his economic agenda would prove inflationary. This week, however, investors grappled with softer economic data and considered how Trump’s tariff threats could slow growth,

Polls show that Americans’ confidence is slipping in President Trump’s ability to handle the economy – the most important issue in the 2024 election and the one that likely carried Trump to a second presidential term.

Recent data from the US showed that the American economy could be heading towards a period of stagflation. A report by Bloomberg said that the consumer spending declined sharply in January in the US,