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.