Inflation remains unchanged as Trump warns Powell
We are now learning that inflation remained unchanged in July as tariffs lifted the cost of imported goods including furniture, appliances, and toys. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. LiveNOW?s Andy Mac is learning more about the newest CPI report from Megan Leonhardt, a senior writer for Barron's covering economic issues.
We are now learning that inflation remained unchanged in July as tariffs lifted the cost of imported goods including furniture, appliances, and toys. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. LiveNOW?s Andy Mac is learning more about the newest CPI report from Megan Leonhardt, a senior writer for Barron's covering economic issues.
Inflation Report: Consumer prices rose 2.7% in July
Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. LiveNOW?s Mike Pache is speaking with Daniel A. Varroney, the President and CEO of Potomac Core, about how this could make it harder for the Fed to cut short-term interest rates as President Trump has demanded.
Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. LiveNOW?s Mike Pache is speaking with Daniel A. Varroney, the President and CEO of Potomac Core, about how this could make it harder for the Fed to cut short-term interest rates as President Trump has demanded.
Trump's tax law will benefit the rich at the cost of the poor, CBO analysis finds
The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people due to President Donald Trump's tax legislation.
The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people due to President Donald Trump's tax legislation.
Inflation report: July unchanged; Trump tells Powell lower the rate now
Inflation held steady the last month, though tariffs still threaten growing costs and impacts.
Inflation held steady the last month, though tariffs still threaten growing costs and impacts.
Trump extends China tariff deadline by 90 days
President Donald Trump announced Monday that he signed an executive order that will "extend the Tariff Suspension on China for another 90 days." The American Institute for Economic Research's Lydia Mashburn Newman joins LiveNOW's Andrew Craft to discuss.
President Donald Trump announced Monday that he signed an executive order that will "extend the Tariff Suspension on China for another 90 days." The American Institute for Economic Research's Lydia Mashburn Newman joins LiveNOW's Andrew Craft to discuss.
Powerball numbers: No $479 million jackpot winner Aug. 9
The Powerball jackpot continues to rise after no one won the big prize Saturday, Aug. 9.
The Powerball jackpot continues to rise after no one won the big prize Saturday, Aug. 9.
Trump's latest slew of tariffs go into effect
The American Institute for Economic Research's Dave Hebert joins LiveNOW's Andrew Craft to break down President Trump's latest tariffs.
The American Institute for Economic Research's Dave Hebert joins LiveNOW's Andrew Craft to break down President Trump's latest tariffs.
Big changes coming to 401(k) after recent Trump executive order
President Donald Trump signed an executive order directing regulators to make it easier for 401(k) plans to include private equity, cryptocurrency, and other alternative investments.
President Donald Trump signed an executive order directing regulators to make it easier for 401(k) plans to include private equity, cryptocurrency, and other alternative investments.
Trump orders federal regulators to punish banks that discriminate against conservatives
This executive order addresses "debanking," where banks close accounts or refuse business with certain industries.
This executive order addresses "debanking," where banks close accounts or refuse business with certain industries.
Tax changes will make Social Security go insolvent sooner than previous estimate
Experts have estimated that Social Security benefits will get cut 24% at the time the program goes insolvent in 2034.
Experts have estimated that Social Security benefits will get cut 24% at the time the program goes insolvent in 2034.
Trump plans 100% tariffs on computer chips
LPL Financial's Adam Turnquist joins LiveNOW's Austin Westfall to discuss the latest headlines related to President Trump's tariffs.
LPL Financial's Adam Turnquist joins LiveNOW's Austin Westfall to discuss the latest headlines related to President Trump's tariffs.
Pres. Trump fires BLS commissioner after jobs report
Days after announcing her firing, President Trump on Sunday accused the head of the Bureau of Labor Statistics (BLS) of inflating job numbers to an "all-time high" before the U.S. presidential election. LiveNOW?s Andrew Craft is learning about what the President calls ?a scam? with Paul Mueller, a Senior Research Fellow at the American Institute for Economic Research.
Days after announcing her firing, President Trump on Sunday accused the head of the Bureau of Labor Statistics (BLS) of inflating job numbers to an "all-time high" before the U.S. presidential election. LiveNOW?s Andrew Craft is learning about what the President calls ?a scam? with Paul Mueller, a Senior Research Fellow at the American Institute for Economic Research.
Majority of Americans stressed about grocery costs: Poll
More than 50% of people admit that the cost of groceries is a “major" stressor for them, a new poll finds.
More than 50% of people admit that the cost of groceries is a “major" stressor for them, a new poll finds.
Student loan wage garnishment could start soon: Here's what you can do
Student loan borrowers who default on their loans could see 15% of their paychecks docked by the federal government soon.
Student loan borrowers who default on their loans could see 15% of their paychecks docked by the federal government soon.
Sluggish summer in Sin City: Las Vegas sees big drop in tourists
The Las Vegas Convention and Visitors Authority saw a double-digit decline in visitors in June compared to the same time last year.
The Las Vegas Convention and Visitors Authority saw a double-digit decline in visitors in June compared to the same time last year.
Trump calls for Federal Reserve to pull control from Jerome Powell
President Trump continued his verbal attacks against Fed Chair Jerome Powell, calling him "stubborn" and saying the Federal Reserve's board of governors should take control.
President Trump continued his verbal attacks against Fed Chair Jerome Powell, calling him "stubborn" and saying the Federal Reserve's board of governors should take control.
Trump raising tariffs on Canada to 35%
The White House says President Donald Trump on Thursday signed an executive order raising tariffs on Canadian goods from 25% to 35% on all products not covered by the U.S.-Mexico-Canada trade agreement.
The White House says President Donald Trump on Thursday signed an executive order raising tariffs on Canadian goods from 25% to 35% on all products not covered by the U.S.-Mexico-Canada trade agreement.
$1,000 car payments are becoming more common: Here’s where
A LendingTree analysis found nearly 1 in 10 Americans now have at least one car loan payment of $1,000 or more—and in some states, it’s even more common.
A LendingTree analysis found nearly 1 in 10 Americans now have at least one car loan payment of $1,000 or more—and in some states, it’s even more common.
American families could get $2,400 rebate checks from tariff money
A GOP senator has introduced a bill to send tariff rebate checks to Americans, days after President Trump floated the idea.
A GOP senator has introduced a bill to send tariff rebate checks to Americans, days after President Trump floated the idea.
Social Security August payment schedule: Here’s when recipients get their checks
Here’s when Social Security recipients can expect to receive their checks in August.
Here’s when Social Security recipients can expect to receive their checks in August.