Consumers cut spending by most in four years even as inflation fell

By CHRISTOPHER RUGABER, Associated Press Economics WriterWASHINGTON (AP) — U.S. consumers cut back drastically on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, possibly because…