1129 developments tracked since August 15, 2026 • corroborated by 91 independent sources
President Trump urged the Federal Reserve to cut rates ahead of its meeting, stating the U.S. should have the world's lowest interest rates, according to Reuters. White House economic advisor Kevin Hassett told The Hill that trade war impacts won't vanish, noting the situation won't go to zero. The president continues advocating for lower borrowing costs despite pressure to raise them.
Written by TheNewsReport from the outlets' own reporting — what they agree on, what only one of them claims.
Developing stories — how they evolved
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353 more developing stories on this topic -- see the Time Machine index for full history.
Every report, in order
President Trump urged the Federal Reserve to cut rates ahead of its meeting, stating the U.S. should have the world's lowest interest rates, according to Reuters. White House economic advisor Kevin Hassett told The Hill that trade war impacts won't vanish, noting the situation won't go to zero. The president continues advocating for lower borrowing costs despite pressure to raise them.
US consumer prices rose 0.4 percent in August, the largest monthly jump in four months, according to the US Department of Labor’s Consumer Price Index report. Annual inflation held steady at 3.4 percent. Al Jazeera reports gasoline prices drove much of the increase, jumping 3.9 percent monthly and accounting for one-third of the overall rise. This surge follows heightened Middle East tensions impacting oil markets. The Seattle Times adds that fuel costs have reached "painful levels," with national average prices climbing 15 cents to $4.30 per gallon this week.
Oil prices surged above $100 per barrel for the first time since May, according to multiple outlets. Al Jazeera reports Brent crude reached $105.26, a four percent jump, while U.S. crude topped $100.04. The Seattle Times and AP both note gasoline prices also rose as the U.S. and Iran launched new attacks. Al Jazeera adds Iran-aligned Houthis seized Yemen's Mocha port, threatening Red Sea traffic. Analysts cite ongoing conflict concerns, with PVM's John Evans stating the market expects the conflict to last longer than anticipated.
Showing the 150 most recent reports. 312 older reports on this topic are still tracked -- see the Time Machine index for full per-story history.