The final federal inflation report before the midterms is set to be released and is expected to show soaring prices. Pope Leo is diagnosed with lung cancer after undergoing surgery. And Bank of America is ordered to pay a billion-dollar fine after allegedly violating anti-money laundering and sanctions laws.
\n\nThe Bureau of Labor Statistics is set to release its final inflation report before the midterm elections, as Republicans fight to keep control of Congress despite President Donald Trump’s lagging popularity and persistently high prices. Economists expect the September consumer price index report to show the annual amount of inflation rose to 3.7% from 3.4% and for prices to have risen by 0.6%. The monthly jump, if confirmed, would be one of the largest in years.
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\n\nDiesel costs are a particular concern for economists who say the higher prices trickle down into “just about everything.” Since the start of the Iran war, the price of the fuel is up more than 75% while the price of regular gas has climbed more than 45%.
\n\nWhile data shows consumer wage growth lagging behind…
Original source: https://www.nbcnews.com/sports