Well get into more detail on that in a moment but first, lets Take A Deeper Look now on whats happening with the us economy. According to data out in the last hour prices rose at an annual rate of 2. 5 in august. That was slightly less than the 2. 6 markets were expecting and down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a faster rate 3. 2 . Dr sean snaith, director of the institute for economic forecasting at the university of central florida. Hejoins us now. Welcome. First of all, what a surprise of the cpi taking out volatile Food Energy prices. Does this take 50 Basis Point cut to Interest Rates off the table, when the fed meets later this month . Instead, itll more like 25 Basis Points cut . Was the fed behind the curve . Well, i think 50 points is off the table, personally, and i may be in the minority in which 25 is off the table. I think its a bit too soon to raise the mission accomplish
Travelers, but look now good morning youre live in the Cnn Newsroom. Im Jim Acosta in washington tonight, perhaps the most important 90 minutes of this year as a polarized nation comes together for the only scheduled debate in this bitter race for the White House. This is the stage where Vice President Kamala Harris and Donald Trump will meet facetoface for the first time. With less than two months until election day. Both candidates are determined to find an edge heres why this New York Times Sienna College Poll i like some of the other polls out there showing no clear leader with both Harris And Trump locked in a statistical deadheat tonight. A chance to pull away he played with this really old and tired playbook, right . Where he, theres no floor for him in terms of how low he will go and we should be prepared for that. We should be prepared for the fact that he is not burdened by telling the truth and trumps Team Planning to treat Kamala Harris as the incumbent, tying her to the pr
Is detected in the United States just as there are new predictions of a much higher potential death toll. Donald trump left the white house, but many republicans are refusing to leave him. We have the latest as some Party Members swear their loyalty to the former president. And the sub reddit page that has wall street in a spin. The latest on gamestops Crazy Ride On wall street. Live from cnn World Headquarters in atlanta, welcome to all of you watching here in the United States, canada and around the world. Im Kim Brunhuber. This is cnn newsroom. A new forecast warns that more contagious strains of the coronavirus could cause an additional 85,000 deaths in the u. S. By may. The first two cases of the variant first detected in south africa have now been confirmed in the u. S. Its already circulating in at least 30 other countries. Two americans who have it dont know each other and havent traveled abroad. Now this variant may make at least one potential new vaccine less effective. Drug
Trump to testify. Will the impeached expresident s attornes cancel his testimony . What we are learned in the wake of the capitol attack. My interview with senator warren on the fast start from the Biden Administration and her push to keep it going when all in starts right now. Good evening from new york. Just over an hour ago, the House Of Representatives voted to strip republican congresswoman Marjory Taylor greene of her committee assignments. This is a rare occurrence. It might be unprecedented. We cant tell. It looks like we cant find an actual precedent for this. In all the recent instances when all this has happened, when members were removed from committees by their own parties, it happened because the party removed them instead of the house. The threat of removal from the whole house did not stop congresswoman greene from the racist and violent Conspiracy Theories that got her into this situation in the first place. Yesterday, she was throwing around Conspiracy Theories like d