U.S. Economy
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U.S. Authorizes 300,000 Tons Of Tariff-Free Ground Beef Imports Despite Rancher Backlash
President Trump announced a 90-day plan on Aug. 21 to allow up to 300,000 metric tons of ground beef to be imported tariff-free, saying the move will help lower U.S. prices. NPR
Fed Chair Warsh Repeats Inflation Warning At Jackson Hole As Markets Price In Possible Rate Hike
Fed Chair Kevin Warsh warned at Jackson Hole on Friday, August 28, 2026, that recent cooling in inflation may not reflect improved underlying trends and left open further policy action. CBS News
Canada Details $20 Billion In Retaliatory Tariffs As U.S.-Canada Trade War Deepens
Canada announced retaliatory tariffs on Tuesday, August 25, 2026, of up to 50% on roughly CA$27.6 billion (about US$20 billion) of U.S. imports, with the measures set to take effect September 8. CBS News
Fed's Preferred PCE Inflation Gauge Holds At 3.7 Percent In July
The personal consumption expenditures price index rose 3.7% year over year in July, matching June's pace. CBS News The PCE is the Federal Reserve's preferred inflation gauge. CBS News The reading, released Wednesday, August 26, 2026, came in hotter than economists expected and could complicate the Fed's plans for cutting interest rates. CBS News
U.S. Consumer Confidence Slips As $4 Gas And Job Losses Weigh
On Tuesday, August 25, 2026, the Conference Board said U.S. consumer confidence fell to 89.4 in August from 90.2 in July, the lowest reading in seven months. PBS News