Inflation in the US wants to continue not being a problem and the January reading published this Friday by the Bureau of Labor Statistics (BLS) of the Department of Labor confirms it. Last month, the consumer price index (CPI) rose 2.4% year-on-year, three tenths less than in December and one tenth less than expected. For its part, the core CPI, which excludes energy and food, the most volatile categories, fell one tenth to 2.5%, in line with expectations. Beyond the suspicions surrounding the latest inflation reports, with suspected statistical errors After the government shutdown that prevented officials from collecting data, these figures show a clear conclusion: inflation has not quite converged to the desired target of 2%, but it is at a quite adequate level after the inflationary pressure of recent years and after theoretically inflationary risks such as tariffs. In terms of monetary policy, this series of small downward surprises does not move the needle for a Federal Reserve more attentive to the labor market. Precisely the strength of employment in Januaryknown this Wednesday, finished dim faint hopes for a March rate cut and the bets already push it to June. What these benign inflation data do tie together is the generalized bet of two drops of 25 basis points for this year.