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US inflation rose 3.1% in January, a hotter-than-expected increase that further stokes doubts as to whether the Federal Reserve will begin cutting interest rates this spring.

Last month’s Consumer Price Index — which tracks changes in the costs of everyday goods and services — came in higher than the 2.9% figure economists had expected, according to FacfSet.

Core CPI — a number that excludes volatile food and energy prices — increased 0.4% in January, to 3.9%, after rising 0.3% in December. The figure, a closely-watched gauge among policymakers for long-term trends, was also higher than what economists at FactSet expected.

Dow futures were poised to drop early Tuesday as traders began to unwind bets that the Fed will begin easing rates sooner rather than later.

The latest inflation figure marks a cooldown from December’s stiffer-than-expected 3.4% gain, which dampened hopes on Wall Street that the first of three highly-anticipated interest rate cuts this year could come as soon as March.

“The question is whether or not May 1 remains a possibility if the next series of inflation related data do not edge lower than expected,” said LPL Financial’s chief global strategist, Quincy Krosby.

“This could easily be a one off. But for all those people saying rates are too high, he’s got to cut now,” Chris Zaccarelli, chief investment officer of Independent Advisor Alliance, said of Fed Chair Jerome Powell. “What are we waiting for? This is why. This is exactly what Powell was worried about.”

The Bureau of Labor Statistics attributed the CPI’s increase to the shelter index, which rose 0.6% on a monthly basis and contributed to two-thirds of the monthly all-items increase. The food index increased 0.4% in January, more than the 0.2% it advanced in December.

The gas index, meanwhile, experienced a handsome 3.3% drop, offsetting increases in the electricity and natural gas indexes, the federal agency said. As of Tuesday, the average price for a gallon of gas in the US is $3.23, according to AAA data.

The Bureau of Labor Statistics’ latest CPI report underscores that cash-strapped Americans, who are still dealing with retail prices far above where they were before the pandemic.

Hopes for rate cuts also took a hit with the January jobs report showing the labor market is booming, with US employers adding a staggering 353,000 jobs last month.

The figure blew past the 185,000 jobs economists expected, as the unemployment rate remained steady at 3.7% for the third month in a row.

Januarys jobs report was the first major piece of economic data since the Federal Reserves latest policy meeting, when central bankersunanimously decided to keep interest rates at their current 22-year high, between 5.25% and 5.5%.

Considering the jobs report and the CPI, the Fed still “doesnt have a coherent set of criteria for cutting, so for all we know this resets the clock,” according to Subadra Rajappa, Societe Generale’s Head of US Rates Strategy.

“If cutting is a confidence game, we dont know when enough progress is enough or whether mild setbacks undermine their confidence.”

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Meanwhile, President Joe Biden has addressed the issue of “shrinkflation” — when businesses cut product sizes but keep prices the same — in a video posted on X ahead of Super Bowl LVIII.

Biden called the practice “a rip-off.”

Im calling on companies to put a stop to this. Lets make sure businesses do the right thing now, he said, though he didn’t offer a solution or policy to address the practice.

Senator Bob Casey in December released a report that showed the impact of smaller product sizes on everything from toilet paper to Oreos.

The report noted that household paper products were 34.9% more expensive per unit than they were in January 2019, with about 10.3% of the increase due to producers shrinking the sizes of rolls and packages.

It said the price of snacks like Oreos and Doritos had gone up 26.4% over the same period, with shrinking portions accounting for 9.8% percent of the increase.

Although inflation appears to be slowing, the economy remains Americans overall top concern, cited by 22% of poll respondents, as they have struggled with inflation and other aftershocks of the COVID-19 pandemic, according to a Reuters/Ipsos poll released last month.

Since taking office, Biden has made a pitch for lower supermarket prices, pushed drug makers to lower insulin costs, hotel chains to reduce fees and tried to diversify the meat-packing industry after beef prices skyrocketed in the aftermath of the pandemic.

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Scuffle breaks out on stage of Royal Opera House after performer unfurls Palestinian flag

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Scuffle breaks out on stage of Royal Opera House after performer unfurls Palestinian flag

A brief scuffle broke out at London’s Royal Opera House after a performer unfurled a Palestinian flag during a show.

The incident took place during a performance of Il Trovatore on Saturday.

During the final night of the 11-night run of the show, a performer held up the flag on stage.

In video footage, shared online, someone backstage could be seen attempting to take it off the performer. The performer grabs it back following a brief scuffle.

A spokesperson for the Royal Ballet and Opera said: “The display of the flag was an unauthorised action by the artist.

“It was not approved by the Royal Ballet and Opera and is a wholly inappropriate act.”

The reaction to the flag was mixed, with some people heard applauding and cheering, while another audience member was heard saying “oh my God”.

One poster on X, who claimed to have been a member of the audience, said: “Extraordinary scenes at the Royal Opera House tonight.

“During the curtain call for Il Trovatore one of the background artists came on stage waving a Palestine flag. Just stood there, no bowing or shouting. Someone off stage kept trying to take it off him. Incredible.”

Performers show support for Palestinians

A number of performers have shown support for Palestinians amid the Israel-Hamas war in Gaza.

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During Glastonbury Festival, numerous acts offered messages of support during their sets, including Kneecap, Bob Vylan, Wolf Alice, and Amyl And The Sniffers.

During her band’s set, Wolf Alice singer Ellie Rowsell told the crowd at the Other Stage: “Whilst we have the stage for just a little bit longer, we want to express our solidarity with the people of Palestine.

“No-one should ever be afraid to do that.”

Following their performances, both Kneecap and Bob Vylan faced investigation by Avon and Somerset Police.

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BBC ‘regrets’ not pulling Bob Vylan live performance

Bob Vylan were widely criticised after leading on-stage chants of “death to the IDF” (Israel Defence Forces).

The performance was live-streamed by the BBC, sparking a backlash against the broadcaster – which later issued an apology.

The investigation into Kneecap was later dropped, with the police saying there was insufficient evidence to provide a realistic prospect of conviction for any offence”.

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Danny Dyer on Mr Bigstuff, Oasis, and his surprising screensaver

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Danny Dyer on Mr Bigstuff, Oasis, and his surprising screensaver

From Human Traffic and The Business to his critically acclaimed performance in the raunchy TV adaptation of Rivals, via a stint as Queen Vic landlord Mick Carter in EastEnders, Danny Dyer has been on our screens for more than 30 years.

But it was his performance in the TV comedy Mr Bigstuff that earned him his first BAFTA win – and one of the ceremony’s biggest cheers from the audience – earlier this year.

Danny Dyer in Mr Bigstuff
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Danny Dyer as Lee Campbell in Mr Bigstuff

Now, he returns to his prize-winning role for the second series of the Sky show, which tells the story of two estranged brothers – Glen (played by creator Ryan Sampson), an anxious carpet salesman living his ideal suburban life with fiancee Kirsty (Harriet Webb), and Lee (played by Dyer), an alpha male who struts back into his brother’s life carrying their father’s ashes.

The Campbell brothers in the Bafta-winning series
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Ryan Sampson (right) created the series and stars alongside Dyer

Several EastEnders alumni feature, including Nitin Ganatra, Victoria Alcock and Linda Henry, who played Dyer’s on-screen mother, Shirley Carter.

Reflecting on some of Albert Square’s most famous characters and who would work well in Mr Bigstuff, Dyer says he would have loved to see the late June Brown, who played the chain-smoking hypochondriac Dot Cotton for 35 years, taking on a role.

“Absolute legend,” he says.

Sampson suggests the late Dame Barbara Windsor, who played the formidable Queen Vic landlady Peggy Mitchell, but has a clear pitch if season three gets the green light.

“It could still be a possible, it would be amazing,” he says. “You want your Pat Butcher, don’t you? You want Pam St Clement. Why hasn’t she played a mafia boss yet? She’d be amazing. She’d be incredible at it.”

Danny Dyer in the press room after winning the Male Performance in a Comedy Programme Award for 'Mr Bigstuff' during the 2025 BAFTA Television Awards with P&O Cruises at Southbank Centre's Royal Festival Hall, London. Picture date: Sunday May 11, 2025.
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Dyer at the BAFTAs earlier this year. Pic: PA

Dyer reveals his screensaver

After his long career on screen, Dyer is now enjoying playing a variety of roles alongside the Cockney geezer types that became his bread and butter in the early noughties.

His nuanced performance as awkward entrepreneur Freddie Jones in Rivals brought him praise from fans and critics alike, and Mr Bigstuff his BAFTA.

But Dyer always had range. After small TV roles in shows including The Bill and A Touch Of Frost, he grew close to the Nobel Prize-winning playwright Harold Pinter in 2000 after auditioning and earning the role of a waiter in his play Celebration at the Almeida Theatre in Islington, north London.

“I’ve got Harold Pinter as a screensaver on my phone,” he says. “I always feel that he’s sort of looking down on me or close to me, so I like to just feel that he’s around me.”

Dyer continued the role in Celebration both in the West End and on Broadway, with Pinter becoming his mentor in the process.

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In 2020, he presented a Sky Arts documentary, Danny Dyer On Pinter, which explored the life, career and impact of the playwright and screenwriter, who died in 2008.

He also has plans to develop a stage tribute to his friend, currently titled When Harry Met Danny.

Reflecting on his entry into the industry, he says theatre was quite inaccessible at the time, but Pinter opened it up to him.

“I think it’s even worse now, which I feel is a sad state of affairs,” he says. “I don’t know why that is. Everything’s become quite elite. All the elite f****** looking after themselves, so that needs to change.”

‘Love in the air’ at Oasis gig

But Pinter isn’t his only big influence – Dyer was one of the thousands of fans to see Oasis make their return to the stage in Cardiff earlier this month.

“It was really emotional seeing them come out,” he says. “There was a lot of love in the air, a lot of good energy.

“You know, there’s a lot of f****** shit going on. I think people, of my age as well, just want to jump around and sing them songs at the top of their lungs. So I’m still recovering, I’m not going to lie.”

Mr Bigstuff returns for season two on Thursday, on Sky Max and NOW

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Chief executive of Astronomer Andy Byron resigns after Coldplay concert video

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Chief executive of Astronomer Andy Byron resigns after Coldplay concert video

The chief executive of tech firm Astronomer has resigned after a video appearing to show two of its senior members of staff embracing at a Coldplay concert went viral.

The tech firm said chief executive Andy Byron had tendered his resignation, and that the board of directors had accepted it.

“As stated previously, Astronomer is committed to the values and culture that have guided us since our founding,” the company said in a statement.

“Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.

“The board will begin a search for our next chief executive as co-founder and chief product officer Pete DeJoy continues to serve as interim CEO.”

The firm previously said Mr Byron, who was alleged to be the man in the clip, had been placed on leave, but stopped short of confirming it was him in the video.

In the viral clip, the pair are shown on a screen with their arms around each other during the British band’s concert at the Gillette Stadium, in Boston, Massachusetts, on 16 July.

Once both of them realised they were being projected, the man quickly ducked out of view while the woman turned to hide her face from the camera.

Woman hides her face
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Woman hides her face

Appearing to poke fun at the couple, Coldplay lead singer Chris Martin is heard on the clip saying: “Either they’re having an affair or they’re just very shy.”

The awkward encounter sent the internet into a frenzy, with the video gaining millions of views on social media and reports emerging that the two were executives from New York-based tech company Astronomer.

In a previous statement on Friday, the company addressed the viral moment, saying in a post on X that it had launched a “formal investigation” into the matter.

“The Board of Directors has initiated a formal investigation into this matter, and we will have additional details to share very shortly,” it said.

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The company also said Mr Byron had not commented on the matter after a fake statement claiming to be from him began circulating online.

Astronomer said another named member of staff was “not at the event” and that “no other employees were in the video”.

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