Data from the US Bureau of Labor Statistics reported Tuesday that the consumer price index showed a minor increase of 0.3% on a monthly basis and 2.7% annually.

The core CPI, which excludes more volatile areas such as food and energy, rose slightly by 0.2% monthly and 2.6% annually, both of which were 0.1% below expectations.

President Donald Trump reacted immediately. He has been urging Federal Reserve Chair Jerome Powell to reduce interest rates for nearly a year and a half, using the new CPI data to bolster his arguments.

After calling Powell “too late” for not making timely cuts, Trump tweeted that the Fed chair should “cut the interest rates, MEANINGFULLY!!!” This statement came amid ongoing criticism after recent actions by the US Department of Justice, which Powell believes were prompted by Trump.

BREAKING: President Trump calls on Fed Chair Powell to cut interest rates after this morning’s CPI inflation data.
“Thank you mister tariff,” Trump adds.
— The Kobeissi Letter (@KobeissiLetter) January 13, 2026

Shortly after the CPI report, Bitcoin’s price fluctuated between $92,000 and $92,500, before dropping slightly and regaining traction following Trump’s comments. Given the current geopolitical situation, BTC is expected to be highly volatile in the coming days, though it has shown relative stability.

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