Inflation is starting to subside as prices may be starting to fall, with the Consumer Price Index data for July expected to show a 3% 12-month reading. Companies are lowering prices or offering discounts in response to consumers pulling back, with gas and grocery prices already below the 2% inflation rate target set by the Federal Reserve. However, economists are concerned about a weakening job market despite the decline in prices.
Democratic vice presidential nominee Tim Walz defended his military record amid attacks from his election rival, Sen. JD Vance. Walz faced criticism for comments he made in 2018, but he clarified that he misspoke. The upcoming 2024 election is also bringing further attention to the military records of candidates such as Walz and Vance.
Tropical Storm Ernesto is expected to strengthen into a hurricane, causing schools and offices in Puerto Rico to shut due to torrential rain. The storm is predicted to become the third hurricane of the season and poses a threat to various islands in the Caribbean.
The infamous Laci Peterson murder case is back in the spotlight, 20 years after her husband’s conviction. With Netflix releasing a new series about the case, interest in true crime and the details of the Peterson case have been reignited. This case has been a point of fascination for many since 2003, and the new series provides an opportunity to revisit and analyze the details of the case.
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