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Inflation Holds, Rates Rise, Confidence Falls | Global News
- Published
- August 30, 2026
- Duration
- 1:40
- Summary source
- description
- Last updated
- Aug 30, 2026
Discusses daily.
Summary
Inflation stubbornly holds at 3.7% as the Fed watches closely, with Chair Kevin Warsh hinting at more rate hikes if cooling doesn’t show up fast enough. Consumer confidence plummets to a seven-month low, fueled by rising gas prices and persistent cost pressures. The economy grew just 1.5% in Q2, dragged down by surging imports—especially tech chips. Meanw…
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Show notes
Inflation stubbornly holds at 3.7% as the Fed watches closely, with Chair Kevin Warsh hinting at more rate hikes if cooling doesn’t show up fast enough. Consumer confidence plummets to a seven-month low, fueled by rising gas prices and persistent cost pressures. The economy grew just 1.5% in Q2, dragged down by surging imports—especially tech chips. Meanwhile, mortgage rates climb to 6.66%, squeezing homebuyers and potentially slowing the housing market further. Listen in comfort:Get a discount
Themes
- daily