ECONOMYDEVELOPING08/14/26

July PPI Inflation Report

Producer price inflation fell to 4.7% annually in July, the BLS reported.

DEVELOPING STORYWHAT CHANGED

DEVELOPING TIMELINE

Aug 14: Producer inflation also easing alongside consumer inflation

DIFFERENT FOCUS

Washington Examiner Business emphasized PPI Data And Fed Implications

LEFT FOCUS

▸Marketplace noted energy prices as a key force shaping the Producer Price Index. — Marketplace

RIGHT FOCUS

▸Washington Examiner reported PPI fell 0.8 percentage points to 4.7% annually in July, per BLS. — Washington Examiner Business
▸Washington Examiner reported core PPI, excluding food and energy, came in at 4.2% annually and 0.2% monthly. — Washington Examiner Business

September CPI Hits 3.7%

Inflation rose to 3.7% in September, the last CPI report before midterm elections.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Sunday: September CPI report confirms 3.7% annual inflation rate

Left: Prices hit everyday Americans on essentials.

Right: Rising prices spell trouble for Trump's party.

September consumer prices rose 0.6% monthly and 3.7% annually, the fastest pace in five months.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Thursday: September CPI confirmed at 3.7% annually, up from 3.6% prior

Left: Rising prices squeeze everyday Americans hardest.

Right: Inflation surge spells trouble for Trump, GOP.

Treasury Department fined Bank of America over $1.2 billion for sanctions and anti-money laundering violations

DEVELOPING TIMELINE

First Report Thursday: The US Treasury fined Bank of America $1.2 billion for anti-money laundering and sanctions violations.

Sunday: Treasury fine now cites Chinese money laundering networks

Left: Third-largest Treasury penalty ever imposed.

Right: Tied to Chinese networks and border criminals.

Trump signs executive order waiving Russia sanctions and tariffs mandated by the Graham Act.

Left: Sanctions targeting Russia's Ukraine war dropped early

Right: Graham Act halted in name of national interest