I'm Brian Brenberg and this is the Fox Business Rundown.

Friday, October 12, 2024.

Just weeks before election day, the candidates are making fresh pitches and how they'd

improve the US economy. President Trump trying to maintain his campaign's advantage

on economic issues.

Americans are struggling families are figuring out how to pay for things, they want a candidate

that is going to make their life better, and they want to know what plans they have for that.

While inflation in the United States has

declined to a three-year low the Fed has not completely put out the fire.

September's CPI report revealed price pressures still came in slightly

hotter than expected with core inflation up 0.3% last month.

The Fed is likely to consider this a bump in the road putting most of their focus on the labor

market that has taken a hit recently

with jobless claims in the US reaching 258,000. Experts attribute this spike to

the consequences of the recent hurricanes and a strike from Boeing.

Former President Trump has weighed in on the CPI report,

asserting that the higher than expected inflation number

is a result of the Fed lowering rates, quote, too fast.

He's been on the campaign trail just a few short weeks

before election day speaking to voters

frequently about the economy.

This week in Michigan, the former president gave a speech to the Detroit Economic Club floating new tax plans.

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