Fed’s preferred inflation gauge rises 2.7% in August

Lisa Cook, a member of the Federal Reserve board, is urging the Supreme Court to allow her to remain in her position amid a lawsuit against President Trump's attempt to fire her. She argues that her removal would undermine the independence of the Federal Reserve, a crucial institution for economic stability. This case is significant as it raises questions about the balance of power between the presidency and the central bank, potentially impacting monetary policy and economic governance.

Lisa Cook, a Federal Reserve governor, is urging the US Supreme Court to reject Donald Trump's attempt to remove her from the board. Her lawyers argue that this unprecedented action would undermine the independence of the Federal Reserve and potentially disrupt financial markets. This case is significant as it raises important questions about the balance of power between the presidency and independent financial institutions, which play a crucial role in the economy.

Fed governor Lisa Cook is advocating for her right to remain on the Federal Reserve's board while her lawsuit against President Trump unfolds. She believes that if the administration is allowed to remove her, it would undermine the independence of the Federal Reserve, turning it into an entity that serves the President's interests rather than the public's. This case is significant as it touches on the crucial issue of central bank independence, which is vital for maintaining economic stability.

A group of former economic leaders has come together to support Federal Reserve Governor Lisa Cook, urging the Supreme Court to allow her to keep her position while legal proceedings determine the legitimacy of her firing by President Trump. This case is significant as it touches on the independence of the Federal Reserve and the implications of political influence on economic governance.

A significant coalition of former U.S. economic leaders is advocating for Lisa Cook, a member of the Federal Reserve board, to remain in her position amidst concerns about potential dismissal by Trump. This appeal to the Supreme Court highlights the importance of stability in the central bank's leadership, especially during uncertain economic times. The backing from such influential figures underscores Cook's vital role in shaping monetary policy and maintaining public confidence in the Federal Reserve.

The latest data shows that the U.S. economy grew more than previously estimated in the second quarter, highlighting its resilience despite ongoing worries about inflation and the job market. This growth is significant as it indicates that consumers are still willing to spend, which is crucial for economic stability. Understanding these trends can help us gauge the overall health of the economy and the potential for future growth.

In August, a watchdog report revealed that the U.S. experienced the highest number of antisemitic outbreaks globally, highlighting a troubling trend in rising hate. This matters because it underscores the urgent need for awareness and action against antisemitism, which poses a threat to social cohesion and safety.

Max Fried is having an outstanding season with the Yankees, achieving his MLB-leading 19th win. Despite a rough patch in July and early August, Fried's performance has been a significant asset for the team, showcasing why they invested heavily in him. His success not only boosts the Yankees' chances in the league but also highlights his potential as a top pitcher.

New home sales have seen a remarkable surge in August, reaching their highest level since January 2022. This increase is significant as it indicates a recovering housing market, which can boost the economy and provide more options for homebuyers. The rise in sales reflects growing consumer confidence and demand, making it an important trend to watch for those interested in real estate.

The ongoing budget battle on Capitol Hill presents a significant opportunity for Congressional Democrats, especially in light of President Trump's declining job approval ratings, which have dropped to -18 points. With his failure to deliver on promises to combat inflation, Democrats are poised to leverage this situation to strengthen their position and advocate for their spending priorities. This dynamic not only highlights the challenges facing the Trump administration but also sets the stage for potential shifts in policy and public sentiment.

Scott Bessent has issued a stark warning regarding the federal government's stance on potential bailouts for New York City under the leadership of Zohran Mamdani. He labeled Mamdani as a socialist protégé of Senator Elizabeth Warren, suggesting that the city should not expect any financial support from the feds. This matters because it highlights the growing tensions between local leadership and federal policies, raising concerns about the city's financial future and the implications for its residents.

Grocery prices have seen a significant rise of 0.6% from July to August, marking the largest monthly increase in nearly three years. This surge is primarily driven by record-high prices for beef and coffee, which could strain household budgets and impact consumer spending. Understanding these trends is crucial as they reflect broader economic conditions and can influence inflation rates.

A new brain-boosting supplement claims to reduce stress and enhance sleep quality, offering a convenient solution for those struggling with these common issues. This matters because managing stress and improving sleep can significantly impact overall well-being and productivity, making this supplement a potential game-changer for many.

The article discusses the ending of the movie 'All of You' and whether the characters Simon and Laura end up together. This is significant for fans of the film who are eager to know the resolution of the characters' relationship and how it impacts the overall narrative.

In a shocking incident in Dallas, ICE agents were seen on surveillance video rushing to protect detainees as gunfire erupted outside their facility, highlighting the dangers faced by both law enforcement and those in custody. This event underscores the urgent need for enhanced security measures in such facilities to ensure the safety of vulnerable populations.

A recent medical examination revealed that Shane Tamura, the shooter in a New York City office incident, had chronic traumatic encephalopathy (CTE), a brain disease commonly linked to head injuries in football players. This finding sheds light on the potential impact of CTE on behavior and mental health, raising important discussions about the implications for athletes and the need for better understanding and prevention of such conditions.

CNN has reported that it has a source at the center of a significant story involving former FBI Director James Comey. This development is noteworthy as it could provide new insights into ongoing discussions surrounding Comey's actions and their implications for current events. The involvement of a major news network like CNN highlights the importance of transparency and accountability in journalism.

The article discusses the ongoing challenges faced by Donald Trump's second term, highlighting a persistent campaign of domestic terrorism aimed at undermining his presidency. This situation is significant as it raises concerns about political stability and the safety of public officials, reflecting a deepening divide in the political landscape.