US inflation cooled to 2.4% in March, lower than expected, despite a 60% surge in egg prices due to bird flu. Energy prices decreased, offsetting some inflationary pressures. Core inflation, excluding food and energy, also slowed. This follows President Trump's recent tariff escalation, which has been partly blamed for previous price increases. While the economy remains strong, with low unemployment and robust hiring, economists warn that the tariffs could trigger a recession by increasing prices and dampening consumer spending.

Prepared by Christopher Adams and reviewed by editorial team.