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Hot inflation data puts Fed in complicated spot
Inflation data for September indicates price pressures are still weighing on the economy, putting Federal Reserve officials in a tricky position ahead of their decision on interest rates later this month. Annual inflation was 3.7 percent last month, as measured by the consumer price index (CPI), an increase from 3.4 percent in August and the...
GOP gets another Supreme Court win in TV political ad fight
The Supreme Court on Wednesday sided with Republicans a second time in a legal battle over television advertising costs in the lead-up to the midterm elections, prompting two liberal justices to dissent. Democrats are challenging a new policy that guarantees party committees, not just candidates, access to cheaper rates. That cheaper rate extends to both sides...
Higher Energy Prices Pushed U.S. Inflation Up to 3.7% Ahead of Midterm Elections
September’s Consumer Price Index report will keep pressure on President Trump and the Federal Reserve to tame intensifying price pressures.
As inflation rises, more than 40 percent say they struggle to pay for basic necessities: Pew
More than 4 in 10 Americans said they are struggling to afford basic living costs amid rising inflation levels in the country, according to polling data released Wednesday. The Pew Research Center surveys, which were conducted in late July and August, found that 44 percent of U.S. adults reported struggling to pay for basic necessities...
IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure
BANGKOK (AP) — The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said Wednesday. IMF Managing Director Kristalina Georgieva said Treasury Secretary Scott Bessent and other U.S. leaders recognize...
Surging Inflation Complicates Trump’s Final Push to Sell Voters on Strong Economy
The final inflation report before the 2026 election — showing price increases and stagnant wages — spelled bad political news for the White House.
Japan to fund $21B deal to expand chip production in New York
Japan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. The country will provide $10 billion to speed up construction of a semiconductor fabrication plant from GlobalFoundries that the company aims to bring online by 2029, while another $10 billion will go toward...
Trump adviser sees 'a whole bunch of good news' in inflation report
Kevin Hassett, the director of the National Economic Council (NEC), said Wednesday he sees a “bunch of good news” in the latest inflation report, which measured prices as up 3.7 percent year over year in September. Speaking to NewsNation’s Hannah Brandt at the White House, Hassett said the latest consumer price index (CPI) showed a...
Supreme Court weighs scope of 1980s video privacy law in internet newsletter age
The Supreme Court on Wednesday weighed how a decades-old privacy law designed to protect video rental records should be applied to modern internet tracking, a case that could determine who can sue over the sharing of their video viewing history. The justices heard oral arguments in a dispute over whether the 1988 Video Privacy Protection Act (VPPA) protects consumers...
Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years
Netflix's product, tech, legal and human resources teams would be the most impacted, according to a memo from co-CEOs Greg Peters and Ted Sarandos.