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
It is the biggest night yet in the president ial race with a slew of contact that will likely push donald trump to the brink of clinching the gop nomination. We are tracking every single vote, including in North Carolina, where right now people are lined up to cast ballots on this pivotal night in the fight for the white house. Welcome to cnns lives Super Tuesday coverage. Im erin burnett in new york, and im jake tapper in washington were less than an hour away from the first major round of Poll Closings and the first results on this historymaking normshattering primary night, donald trump, former president , now a criminal defendant four times over hopes to continue his extraordinary winning streak. And the night very close to locking up his third republican president ial nomination. Thats possible because the race for the white house is Going National tonight with 16 States Holding contests and a whopping total of 865 delegates at stake for the republicans. Thats more than onethird o