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in august from a year ago is americans pay more for everything from electricity to shelter to food with grocery prices seeing their largest 12 month increase since 1979 democrats celebrating unless with white house heralding the passage of their inflation reduction act. the president claiming measures cutting costs for american families. the bill cut cost for families, help reduce inflation at the kitchen table because that s what they look at, how much are they monthly bills and how much they pay for necessities gave breathing room as my dad would say. paul: wall street journal columnist dan henninger, kim strassel and mary and a stray zia o grady. why do you think the financial markets and investors were caught and surprised by the inflation number? i think the main thing right here as milton friedman said effects of monetary policy give us a long variable lacks so when you have the fed s tightening the responsibly economy will take a while to feed and so that s ....
good morning everyone. i m bianna golodryga. this just in to cnn, concerning data as the u.s. looks to combat rising inflation. consumer prices rising 4% since september, 8.2 september year over year, higher than experted predicted. cnn business correspondent christine romans joins me to walk through the numbers. these are figures every american feels every time they go to the grocery store or the gas station. why does it remain so stubbornly high? that s the big question. the fed has been raising interest rates for months and these numbers are still near 40-year highs. when you dig inside these numbers and this is what everyone is paying close attention to. when you strip out food and energy, that core inflation, annual core inflation 6.6%. that s the highest since 1982. that s a fresh 40-year high for core inflation. month-over-month core inflation 4.6% matches what we saw in august. you can see how it s off the worst levels that we ve seen earlier this year. mayb ....
the economy that will be a welcome relief to americans everywhere. but will it last? hello and welcome to the lead. i m dana bash in for jake tapper. we begin with major new developments in our politics lead. just a short time ago, attorney general merrick garland said the justice department filed a request to unseal the search warrant for the former president donald trump s mar-a-lago home. the doj s first public comments since that unprecedented search on monday. he also said he personally approved the decision to seek the search warrant, and that the department does not take this kind of move lightly. he also defended his colleagues against what he called unfounded attacks. i will not stand by silently when their integrity is unfairly attacked. the men and women of the fbi and the justice department are dedicated, patriotic, public servants. his appearance today comes amid a flood of other new details. sources tell cnn that federal investigators previously serv ....
the lightning advanced that ukraine is making in reclaiming territory seized by russian forces. today president zelenskyy said his military has liberated 2300 square miles since the beginning of this month. while it is not really possible to verify these exact numbers and these images of ukrainian flags being raised in several villages in the east and the south. they re circulating widely. we re also following big economic news happening as we speak. u.s. stocks down sharply at this hour. following new inflation data. we ll have much more on all of that in a moment. but let s begin with stan kylely live in kharkiv. what is the latest? reporter: well the latest is that in spite of this very rapid and success advance, 6,000 kilometers captured in the north or recaptured in the north and south of the country, the russians have hit back. they ve hit back by taking out the power supplies in kharkiv province. it is power cut here in kharkiv city. but i could say, also, th ....
the bow room, a room right at the back of buckingham palace whose bow windows open out onto the acres of parkland that lie behind buckingham palace. it willen in be a vigil there with members of the church of england, overseeing it on a constant basis until 2:00 tomorrow on wednesday, 2:22, in fact, when there will be that procession from buckingham palace through the streets, through the mall, towards westminster abbey where the queen will be placed the casket will be placed and she ll lie in state there until the morning of her funeral on monday. so nearly five days. during that five days it is going to be an enormous logistical operation. hundreds of thousands of people are expected to line up, the wait patiently, some of them overnight in order to pay their respects and file past the coffin of queen elizabeth ii. on new england state funeral will be held. world leaders, including president biden and a bunch of other prominent leaders around the world, are going to ....