Inflation in the United States cooled in January, while simultaneously, hundreds of thousands protested against the Iranian regime as world leaders gathered nearby. The consumer price index rose by 2.4% over the 12 months to January, according to the Department of Labor, marking the slowest pace since May. Simultaneously, approximately 200,000 people demonstrated against the Iranian government on the sidelines of a security conference in Munich, Germany, on Saturday.
The drop in US inflation was attributed to falling prices for energy and used cars, according to BBC Business. This retreat could fuel arguments that the central bank could cut interest rates. 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.
The protests in Munich followed a call by Iran's exiled Crown Prince Reza Pahlavi for increased international pressure on Tehran, as reported by Sky News and Euronews. Demonstrators carried placards, expressing their opposition to the Iranian government. The gathering of world leaders took place at the Munich Security Conference.
US President Donald Trump commented on the situation in Iran, stating that regime change "would be the best thing that could happen," as reported by Sky News. Trump made these remarks after visiting troops at Fort Bragg in North Carolina, where he was questioned about his views on potential government changes in Iran. The US has also deployed a second aircraft carrier, the USS Gerald R. Ford, to the Middle East.
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