White House says some employees were fired by mistake

The latest federal report on inflation is scheduled for 8:30 a.m. ET on Wednesday, with observers expecting to see 2.8% growth in January from the same year-ago month.

If the Consumer Price Index matches that exception, it would place inflation slightly lower than last month's reading but still above the Federal Reserve's 2% target.

Investors are watching closely to see if inflation is still headed in the right direction. Tariffs that President Donald Trump has promised to impose on several of the country's largest trading partners, could push inflation higher, adding a potential headwind.

January is also a time when many businesses raise prices that can provide a bellwether for where inflation is headed.

This report will also contain the latest snapshot on egg prices. Last month's data showed that consumers on average were paying 65% more for eggs compared to a year ago.

Economists at Goldman Sachs expect an increase in used and new car prices and a pick up in car insurance prices. They expect shelter price increases to moderate slightly and higher food and energy prices to contribute to inflation.

The Federal Reserve chair said in his congressional testimony on Tuesday that while there has been progress on inflation the Fed is in no hurry to cut rates.

-ABC News' Zunaira Zaki

Ron Rowe, the acting director of the United States Secret Service, retired from the agency on Tuesday, according to a spokesperson for the USSS.

“Deputy Director Ronald Rowe, a valued executive and leader of the United States Secret Service, has announced his decision to retire after 26 years of dedicated service," the spokesperson said in a statement. "He is currently enjoying a well-deserved break before his retirement.”

Rowe took over for former Director Kim Cheatle in the aftermath of the attempted assassination of President Donald Trump in July 2024.

Rowe oversaw the agency through multiple reviews -- both from Congress and internally at the Secret Service -- and a Department of Homeland Security review panel about the incident in Butler, Pennsylvania.

Prior to being acting director and deputy director, Rowe was the head of the president's protective detail.

-ABC News' Luke Barr

President Donald Trump greeted and welcomed American Marc Fogel back to the United States after being imprisoned in Russia.

Fogel, 63, had been serving a 14-year prison sentence in a Russian prison colony after being arrested in 2021 on drug charges.

"I am not a hero, President Donald Trump is a hero," Fogel said, addressing reporters from the White House.

At times overcome with emotion, Fogel thanked his family, including his 95-year-old mother who pleaded his case to Trump at a campaign rally last year.

He also thanked Steve Witkoff, special envoy, who played a key role in negotiating Fogel's release.

The White House announced on Tuesday the formation of the President's Intelligence Advisory Board, tasked with advising President Donald Trump on national security challenges and advancing the administration's "America First" agenda.

Devin Nunes, chief executive officer of the Trump Media & Technology Group, which runs Truth Social, will serve as chairman. His general counsel, Scott Glabe, will also serve on the board.

Robert F. Kennedy Jr.'s daughter-in-law, Amaryllis Fox Kennedy; longtime head of global government affairs for Blackstone Wayne Berman; former chief of staff Reince Priebus, former National Security Adviser Robert O'Brien; and Katie Miller, who’s the wife of Trump's White House deputy chief of staff Stephen Miller, will also join the board.

-ABC News' Kelsey Walsh