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2026-02-13 23:51:22
[Cooling US Inflation Seen as Sign of Minimal Tariff Transmission Effect] MetLife's Tani Fukui stated in a report that US inflation remains largely unaffected by tariffs. The January CPI was 2.4%, following December's 2.7%, further converging towards the Federal Reserve's 2% inflation target. Fukui said, "This is a very mild inflation report and supports our view that the tariff transmission effect will be negligible throughout the year." She noted, "Most commodity prices have risen modestly." Fukui maintained her forecast of three Fed rate cuts this year, "because our concerns about the labor market far outweigh our concerns about inflation."
