U.S. inflation rose to 3 percent in January, prompting the Federal Reserve to consider extending a pause on interest rate cuts as the Consumer Price Index increased unexpectedly from a year earlier. Core C.P.I., which excludes food and energy prices, also rose 0.4 percent from December. Despite progress in battling high prices, uncertainties surrounding the economy under President Trump’s second term have led to a potential clash with the Fed over rate cuts, with officials emphasizing the need for substantive progress in inflation before making any policy changes.
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4 dead, including officer in Midtown attack
A New York City police officer, Didarul Islam, was killed in a shooting at a Midtown Manhattan high-rise where a gunman, Shane Devon Tamura, opened fire before taking his own life. The incident left four dead and raised concerns over the suspect's mental health history, as authorities continue to investigate the motive behind the attack. Want More Context? 🔎
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