Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. 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 more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the Eu Competition Commissioner had to say. There commissioner had to say. Is a bigger picture, our investigation there is a bigger picture, our investigation has decisively contributed to a Mind Shift and change in attitude amongst member states, they have helped to trigger and accelerate regulatory and legislative reform. Take ireland, to
I think the stock market particularly tech stocks have gone ahead and a bullish scenario. The fed set to cut interest rates next week, any surprises you re expecting there? we are looking at gradual 25 basis point looking at the inflation which has shown signals of disinflation. It s possible that we might have some surprises. What would a cut mean for countries like japan? it would confirm anticipation of stock markets that the fed will offer much needed stimulus as the economy is softening. On the whole, that is good news and i m not sure if it s going to give stock markets that much more momentum than they have gotten already, and i think it s looking at the forward trajectory and what stock markets need is a fine balance between that stimulus and an economy that doesn t look too soft and continues to draw positive earnings going forwards. If we stay with japan, there been encouraging signs coming out from there, and what s the main thing to understand about japan s economic growth?
Through disappointment and that said, through fears of an imminent recession, does look like a slow recession, does look like a Slow Down. I think the Stock Market Slow Down. I think the Stock Market particularly as gone ahead market particularly as gone ahead and in bullish scenarios in the ahead and in bullish scenarios in the collection. And ahead and in bullish scenarios in the collection. In the collection. And to cut Interest Rates in the collection. And to cut Interest Rates next in the collection. And to cut Interest Rates next week,. In the collection. And to cut i Interest Rates next week, any surprises you are expecting there . ~. ,. , there . We are looking at 25 cuts and there . We are looking at 25 cuts and also there . We are looking at 25 cuts and also looking there . We are looking at 25 cuts and also looking at cuts and also looking at the inflation cuts and also looking at the inflation which we have shown signals of and it is possible that signals of and it is possi
Has been no criminal charges, no. Any charges filed yet about any of those people that we just mentioned, including the mayor alright. A lot going on though. Brynn gingrass. Thank you very much for that a new hour of cnn, new central starts right now information. For you we are standing by for the first Court Appearances in just minutes of the 14yearold accused of killing two students down. To teachers at a Georgia High School, and weve just learned that his father, who was also arrested and charged in this case will be in the same courtroom. Just an hour later also breaking this hour, one of the most anticipated job reports, possibly since the pandemic that could change the game for mortgages, credit race, and possibly the president ial election and as well. And show me the money, the Harris Campaigns richest overflowing of a major august haul, nearly tripled at of Donald Trumps uncertified are with john berman, Kate Bolduan out today. This is cnn new central cnn Breaking News all rig