According to data released by the U.S. Department of Labor on Friday, the inflation rate fell to 2.4% over the past 12 months ending in January this year, the lowest level of increase in the consumer price index since May of last year. Following the better-than-expected employment data released earlier this week, the latest inflation data brought another economic victory for the White House. Currently, the Trump administration is intensifying its efforts to reverse voters' negative perceptions of the economy before the midterm elections - which also occurred after some Republicans began to resist Trump's trade agenda due to concerns about rising costs. Faced with these positive economic data, the Federal Reserve may pause its rate cuts, but the possibility of further rate cuts this year still exists.
Image source: network
Original article: toutiao.com/article/1857083464221067/
Statement: This article represents the views of the author and does not necessarily reflect the official position of the platform.