NYTIMES (Lydia DePillis) - Inflation Eased Slightly in July, but Prices Remain Elevated as War Drags On
Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
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Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
New York City's new tax on second homes has property owners furious, especially after the city published a searchable online database identifying tens of thousands of properties that could be subject to the surcharge. "Owning Manhattan" star Peter Zaitzeff joins "Jesse Weber Live" to explain how the tax could ultimately cost the city. "Jesse Weber Live" brings a fresh, fast-paced, and often unexpected take on the day’s headlines, diving into the biggest stories through the lens of legal expertise.
‘Pete Hegseth has lied’
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The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.
Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran War.
Aired On: 6/16/2026
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The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices.
Also, inflation jumps for a third-straight month. Here’s the latest at the end of Wednesday.
As inflation outpaces workers’ wages, the Trump administration insists that its agenda is working.
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