Inflation dropped in January, but tariffs add uncertainty

Inflation dropped a little in January, while President Trump’s trade policies add uncertainty to the nation’s economic outlook. The latest numbers from the Commerce Department show a slight decrease in inflation last month, as consumers cut back on spending by the most in four years. Economists are watching closely for any impact from ongoing tariff threats and potentially sweeping government job cuts. The president claims that tariffs will make America “rich,” even though analysts expect consumers and companies will likely bear the brunt of higher import duties.