Core inflation — less food and energy — remains slightly higher than the all items index. Marking the first month of sub-3% inflation since March 2021, the headline CPI in July was 2.9%, matching the expectations of most market watchers. Over the 12 months ending July, the all items index increased 0.2% after declining 0.1% in June’s cooler-than-expected reading, today’s release from the Bureau of Labor Statistics shows.

Inflation Slows To 2.9% In July

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week. Applications for a mortgage to purchase a home rose just...

Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year

The Center Square

(The Center Square) – Consumer prices rose again last month after dipping in June, according to newly released federal inflation data.
                The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.2% in July, part of a 2.9% increase over the past 12 months.
                The data is the latest step in Americans’ struggle with higher costs....

Consumer prices rise in latest federal inflation data

TheStreet

Inflation pressures are easing, but the pace is painstakingly slow.

CPI inflation report upsets betting on big Federal Reserve rate cut

Markets Insider

Inflation continued to cool in July, instilling further confidence that the Fed will begin cutting rates at its meeting in September.

Stock market today: Indexes edge up as cool July inflation locks in rate cut expectations

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

From knowing your full retirement age to checking your earnings history, CNBC senior personal finance correspondent Sharon Epperson joins NBC's TODAY Show to share what you need to know about collecting Social Security and maximizing those benefits.

Maximizing your Social Security benefits

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you have a long-term savings goal, like saving up for a down payment on...

Best 5-year CD rates of August 2024 (up to 4.75% APY)

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

North Carolina State

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Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show. Data released by Statistics New Zealand on Tuesday showed that 131,200 people departed New Zealand in the year ended June 2024, provisionally the highest on record for an annual period. Around a third of these were headed to Australia.

People leave New Zealand in record numbers as economy bites

Indiana State

Mississippi State

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year's least-expensive state to retire may be a good fit for you. For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.

The 10 most affordable U.S. states for retirement in 2024: Half are in the South

Denver, CO

No, pallet shelters for people experiencing homelessness don’t fold into caskets. It’s a question a reader posed one of the first times I wrote about pallet shelters. I find the pallet shelters to be more palatable than ice fishing tents. The Colorado Village Collaborative operates both micro-communities and the so-called Safe Outdoor Spaces with the tents. We all learned the tents are not safe when a fire roared through a CVC Safe Outdoor Space, destroying the compound quickly. Officials never disclosed a cause of the fire.

Opinion: No, pallet shelters for homeless in Denver, Aurora don’t fold into caskets

Pompano Beach, FL

Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

FXDailyReport.com

The USD/CAD pair faces pressure around 1.3730 during Tuesday’s New York session, with the potential to decline towards the key support level of 1.3700. This weakness comes in response to the soft Producer Price Index (PPI) report for July, released by the US Bureau of Labor Statistics (BLS), which has put the US Dollar (USD) under strain.

USD/CAD Vulnerable Near 1.3730 Amid Soft US PPI and Rising Oil Prices

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

While a recession hasn't technically been declared in the U.S., roughly 3 out of 5 Americans believe the U.S. is experiencing one, according to a survey by Affirm. An analysis by Bankrate found that consumer confidence in the economy has averaged nearly 28 percentage points lower during President Joe Biden's term compared to former President Donald Trump's time in office. So why does the U.S. economy feel so recession-like for the average consumer despite all the positive data?

Why it feels like the U.S. is in a recession

NewsBreak

Annual inflation rate slows to 2.9% in July, lowest since 2021

The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%, its...

Annual inflation rate slows to 2.9% in July, lowest since 2021

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