Inflation in the United States cooled in January, reaching its lowest level in nine months, according to the latest Consumer Price Index (CPI) report, while the Chicago Teachers Union is planning to spend millions on political activities. In international news, the Bangladesh Nationalist Party (BNP) secured a majority victory in the country's first election since 2024. Meanwhile, former President Donald Trump's policy changes regarding greenhouse gas regulations are expected to have several environmental and economic impacts.
The January CPI rose by 2.4% over the 12 months, according to the Department of Labor, down from 2.7% the prior month. This marks the slowest pace since May, offering some relief to consumers. "Inflation fell to the lowest level since May, and key items such as food, gas and rent are cooling off," said Heather Long, chief economist at Navy Federal Credit Union, in an email. Prices for energy and used cars fell, contributing to the easing of inflation. This retreat could add fuel to arguments that the central bank was in a position to cut interest rates without stoking a new flare-up in prices, according to BBC Business.
The Chicago Teachers Union (CTU) is budgeting $3.1 million for "political activities," according to its fiscal report projecting into June 30, 2026, as reported by Fox News Digital. This amount significantly exceeds the $152,500 budgeted for "training workshops" and $260,000 for community events. The largest amount is budgeted for salaries and health insurance.
In Bangladesh, the BNP secured a two-thirds majority in the election, enough to form the next government, according to Sky News. The BNP is headed by Tarique Rahman, its prime ministerial candidate, who returned to Bangladesh in December after 17 years in self-exile in London. This victory brings the potential for stability following the ousting of former prime minister Sheikh Hasina.
Former President Trump's decision to reverse the so-called endangerment finding, a key Obama-era scientific ruling, is expected to result in fewer restrictions on greenhouse gas emissions for the US auto industry, according to BBC World. Experts predict various environmental and economic impacts as a result, though the decision by the US Environmental Protection Agency (EPA) is expected to be challenged in the courts from environmental groups.
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