Inflation in the United States cooled in January, according to the Department of Labor, but the US government also made moves impacting immigration and international relations. The consumer price index rose by 2.4% over the 12 months to January, a slowdown from 2.7% the prior month and the slowest pace since May, according to BBC Business. Simultaneously, the US ended Temporary Protected Status (TPS) for Yemeni refugees, and President Donald Trump commented on the situation in Iran.
The easing of inflation, driven by falling prices for energy and used cars, could bolster arguments that the central bank could cut interest rates, as reported by BBC Business. However, some analysts warned that progress toward the Federal Reserve's 2% target could stall if companies pass on tariff costs or if labor shortages push up prices.
In other news, the US government ended the TPS designation for Yemen, ordering over 1,000 Yemeni refugees and asylum seekers to leave the country within 60 days or face deportation, as reported by Al Jazeera. This action, which occurred on Friday, was part of President Trump's broader immigration crackdown.
Regarding international affairs, President Trump stated that regime change in Iran "would be the best thing that could happen," according to Sky News. He made these remarks after visiting troops at Fort Bragg in North Carolina, justifying the deployment of a second US aircraft carrier to the Middle East.
Meanwhile, Sky News reported that an Iranian doctor, Yaser Rahmani-Rad, was arrested and detained after accusing the country's security forces of arresting injured protesters inside hospitals. Dr. Rahmani-Rad, an internal medicine specialist, had given Sky News an interview at the Rasul Akram public hospital in Tehran.
Finally, while chocolate prices are no longer at last year's peak, cheap chocolate has not made a comeback, according to Al Jazeera. The cocoa price crisis, driven by extreme weather in key producing regions, may have eased, but its aftertaste remains.
Discussion
AI Experts & Community
Be the first to comment