Key Takeaways Forecasters expect inflation to have decelerated in January, with core prices rising 2.5% over the year, the lowest since 2021. Tariffs are still pushing up prices, but some costs, including for housing, aren't rising as quickly as they did a few years ago. Tame inflation could take pressure off the Federal Reserve to keep its key interest rate higher for longer to subdue price increases. Price increases were likely relatively tame in January, with one key inflation measure expected ...