Business

Business

July PCE: Fed’s favored inflation gauge remained elevated

Fox Business Grady Trimble reports from the Iowa State Fair where local vendors and fairgoers share how inflation impacts consumer spending. Despite rising costs, visitors remain resilient. The Federal Reserve’s preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank’s target ahead. …

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Tesla raises Cybertruck prices by $5,000 on two US models

Tesla files plans for a $10.1B solar manufacturing plant near Houston, Texas. Samir Kapadia joins Lauren Simonetti to discuss Elon Musk’s major energy expansion and its implications for domestic industry. Tesla raised prices on two versions of its Cybertruck pickup in the U.S. on Tuesday, increasing their starting costs by …

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