Fed's preferred inflation gauge cools slightly in January after heated data this month
1. Inflation eased slightly to 2.5%, aligning with forecasts. 2. Fed Chair Powell indicated no imminent rate cuts, maintaining restrictive policy. 3. Tech stocks fell significantly due to tariff threats and inflation concerns. 4. Majority expect Fed to keep interest rates unchanged amid inflation fears. 5. S&P 500 decreased by 2.5% this week prior to the inflation report.