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July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

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Trump and Kennedy’s health industry deals haven’t been enforced and are at risk of vanishing

In the thick of his competitive reelection race in Michigan, Republican Rep. Tom Barrett joined Health and Human Services Secretary Robert F. Kennedy Jr. at a sprawling 400-acre apple orchard, farm, and winery. They touted Trump administration efforts to improve the American diet, including the removal of some artificial dyes from processed foods. “We had…

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Former Stars and Stripes editor says firing was “real shock,” hopes paper “can remain independent”

Days after his sudden firing by the Pentagon, the former editor-in-chief of Stars and Stripes told CBS News that “time will tell” whether the military newspaper will remain editorially independent from the government agency it covers.   The Defense Department delivered termination notices last week to Stars and Stripes Editor-in-Chief Erik Slavin, publisher Max Lederer…

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Supreme Court allows Trump to implement key parts of order restricting mail voting ahead of midterms

Washington — The Supreme Court on Monday allowed President Trump’s administration to move ahead with implementing key portions of an executive order that seeks to tighten the rules for mail voting ahead of the November midterm elections. In a 6-3 ruling, the high court granted a request for emergency relief sought by the Trump administration…

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