Today we're talking about inflation dropping below 3%.

Empox being declared a global health emergency, the latest round of ceasefire

negotiations between Israel and Hamas, and other top news for Friday, August 16th.

Stay informed while our meaning focus on Christ with the pull over today.

Here's the quote of the day.

I like to open the Bible and pray, Lord God, let the words leap off the page into my soul.

Make them vivid, powerful, and fresh to my heart. Charles Spurgeon.

Let's get started with some espresso shots.

Inflation's chill pill is kicking in.

The Consumer Price Index Inflation's Chilpill is kicking in.

The Consumer Price Index,

CPI, a broad measure of prices for goods and services,

rose 2.9% over the past year,

the first time inflation has been below 3% since 2021.

The cost of some items actually dropped in the last year.

Apples down 14.5%, use cars down 10.9% and furniture down 5.2%. July's report wasn't all rainbows and downward sloping graphs.

The cost of housing rose at a faster pace, accounting for 90% of the month's total

inflation, and the cost of other items remains up from last year. Eggs 19.1%, car insurance

18.6% and sporting events 8.8%.

For now, it seems the Federal Reserve has pulled off the mystical soft landing

reducing inflation without causing a recession and is expected to cut interest

rates next month.

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