The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.
Dow futures pointed lower ahead of Friday’s CPI inflation report, setting up a tense open after a bruising tech-led selloff ...
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