Inflation in the United States cooled in January, with the consumer price index rising by 2.4% over the 12 months, the slowest pace since May, according to the Department of Labor. This news comes as the US military launched retaliatory strikes on ISIL targets in Syria, four new astronauts arrived at the International Space Station, and over 200,000 people rallied in Munich for regime change in Iran.
The drop in inflation, down from 2.7% the previous month, was attributed to falling prices for energy and used cars, according to BBC Business. This development could influence the Federal Reserve's decisions on interest rates, potentially leading to cuts, as suggested by some. However, other analysts have warned that progress toward the Fed's 2% target could stall if companies pass on tariff costs or if labor shortages drive up prices.
Meanwhile, US forces carried out strikes against more than 30 ISIL targets in Syria between February 3 and 12, in response to the killing of two US soldiers and an interpreter last year, Al Jazeera reported. The strikes targeted the armed group's infrastructure and weapons storage facilities.
In space, four new astronauts arrived at the International Space Station to replace a crew that returned to Earth early due to health concerns, Sky News reported. The newcomers joined the three crew members already on board the orbital research laboratory.
In Germany, Munich became a focal point for Iran's opposition on Saturday, as over 200,000 people gathered to support Reza Pahlavi and advocate for regime change, Euronews reported. The crowd marched with pre-1979 Iranian flags and chanted slogans while global leaders met nearby at the Munich Security Conference. Pahlavi addressed the conference, urging global leaders to intensify pressure through sanctions and intervention.
In other news, a US federal judge ordered that some Venezuelan deportees sent to a notorious prison in El Salvador by the Trump administration be allowed to return to the United States to fight their cases, according to The Guardian. Luis Muñoz Pinto, one of the deportees, expressed both hope and fear, stating, "I’m not over that nightmare yet."
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