U.S. Inflation Unaffected by Tariffs, Says Economist

Economist Tani Fukui from MetLife has reported that U.S. inflation remains largely unaffected by tariffs. According to Jin10, the Consumer Price Index (CPI) for January was 2.4%, moving closer to the Federal Reserve's 2% inflation target after December's 2.7% reading. Fukui described the inflation report as benign, supporting the view that the impact of tariffs this year will be minimal. She noted that most commodity prices have seen moderate increases. Fukui maintains her prediction of three interest rate cuts by the Federal Reserve this year, citing greater concerns about the labor market than inflation.