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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International students sue after Trump administration terminates their legal status
International students at Michigan public universities, whose immigration status was abruptly terminated, are seeking legal relief to avoid deportation. The students, from China, Nepal, and India, filed a lawsuit against the Department of Homeland Security, claiming their F-1 visas were revoked without proper notice, despite having no criminal records. A federal court is considering their request for a temporary restraining order, with the judge acknowledging the urgency of the situation. Full Article
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