Inflation Slows, Fed’s Rate Decision in Focus: Expert Weighs In on Unrealized Capital Gains Tax Impact

Posted by Roy Francis | Sep 11, 2024 | One America News Network | 0 |

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OAN’s Alicia Summers
2:50 PM – Tuesday, September 11, 2024

The Consumer Price Index report shows inflation rose 0.2% in August, with prices up 2.5% from a year ago—the lowest yearly increase since early 2021. However, core inflation, excluding food and energy, is up 3.2% over the year and 0.3% in the last month. Analysts are speculating on how this could affect the Fed’s interest rate decision next week. Joining Alicia Summers is Mindy McIntosh, founder & CEO of McIntosh & Associates, to discuss what’s driving these numbers and the potential impact of Kamala Harris’s proposal to tax unrealized capital gains on retirees.