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
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
Right now Donald Trump will not be sentenced until after the election. Lead starts right now a major win in court for the former president who is sentencing Day Delay and New York Hush Money Cover Up case the stunner from Judge Juan Marchan is trump continues to fight back his conviction on those 34 felony counts, plus todays striking scene in georgia, the 14yearold Suspect in court after this weeks High School killings, followed by his father also now charged in this case, why prosecutors say even more charges . Bridges are coming plus a 26yearold american woman shot and killed in the West Bank by the israeli defense forces, according the witnesses. This after she was protesting against israeli settlement expansion, Cnn Team is on the Ground Welcome to. The lead im Jake Tapper or the 2024 lead and the Law And Justice lead theyre intersecting in a huge way today, Donald Trump, but 34 times convicted felon well now, not to be sentenced for those crimes in his New York Hush Money Cover U
good afternoon. i heard that karine jean-pierre, the spokes woman at the white house says she doesn t know what title 42 will look like when it lifts may 11th. let me help and give you an idea. we re here at ground zero at camp monument in brownsville. there s over 2,000 migrants a day coming to this location. nearly 15,000 in the week i ve been here. they re getting better at screening, processing and transporting these migrants out. that is the problem that we re dealing with now. this is the calm before the storm. it s already overwhelming agents on the ground. let me show you also some of the humanitarian crisis. we can show you video. the migrants are in the water on flotation devices. many struggling with trying to deal with the river. some of them can t swim. that s why you have border patrol agents along with texas dps and texas national guard down on the river literally saving lives around the clock as well. we talk though to some brownsville residents, neil. the
busy news day. hi everyone. i m jessica dean and this morning new details surrounding the indictment of former president donald trump, the first former u. s president to face an indictment on criminal charges cnn has learned. trump is expected to appear in a manhattan court tuesday. sources say. that s when he said to be arraigned. this is quite a day. quite a moment in u. s political history. donald trump, former president and current candidate for president in 2024. is facing. we re told more than 30 counts related specifically to business fraud. if convicted, trump could be sentenced to a maximum of four years in prison, though no legal experts believe that s likely all of this connected to his alleged role in a hush money payments scheme and cover up involving the adult film star stormy daniels overnight, his attorney, joe tacopina, says the former president is quote ready to fight. we re on this notable day our reporters, correspondents and guests all standing by to b