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US prices continued rise in July as Trump tariffs impact consumer costs | US economy

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US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs.

Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in the spring, the annualized inflation rate jumped up 0.4% since April.

Though the inflation rate stayed stable between June and July, core inflation, which excludes the volatile energy and food industries, went up 3.1% over the last month – a higher pace than what was seen in June.

a chart of inflation numbers

Prices for takeout and restaurants jumped up 3.9% over the last year, pushing up overall food prices by 2.9%. Prices for used cars, housing and medical care also jumped up higher than the overall rate.

Overall energy prices were down 1.6% for the year, what probably stabilized the overall pace of inflation.

The report is the latest to show that the US economy is experiencing some turbulence from Trump’s unparalleled shakeup of US trading policy, despite insistence from Republicans that the economy is “firing on all cylinders”.

On top of a 10% universal tariff on all imports, Trump has set higher tariffs for dozens of countries, including the US’s top trading partners. On Monday, hours before a midnight deadline, Trump delayed enacting steep tariffs on China for another 90 days while negotiations continue.

Although many of these tariffs only went into effect 7 August, Trump’s 10% universal tariff, along with higher tariffs on certain industries like steel and aluminum, have been in effect since the spring.

Economists say that it takes time for tariffs to show up in consumer prices. Some retailers have been stocking up their inventory to delay the impact of tariffs and keep prices stable. But the jump in prices suggests that companies have started to pass down costs to customers, as leaders of companies like Walmart, Nike and Macy’s have said would happen.

Tariffs have also hit the labor market harder than economists had anticipated. Data released earlier this month dramatically revised down job figures that initially showed a healthy job market. The government had reported 291,000 jobs were added to the economy in May and June, but the revision brought the total down to 33,000.

The increase in prices and the shrinking labor market has thrown the US Federal Reserve into a tight spot. The Fed’s twin mandate is to maximise employment while keeping inflation in check.

Trump has lambasted the central bank, arguing it needs to cut rates interest rates in order to spur growth. But Fed officials have refrained from a rate adjustment, citing uncertainty about the impact of Trump’s tariffs on prices.

Trump has spent the last few months directing his ire at economic officials – first at the Fed, and now at the Bureau of Labor Statistics (BLS), which collects and reports economic data. Just hours after July’s job figures report showed a sluggish month of job growth, Trump fired Erika McEntarfer, the commissioner of BLS. Citing no evidence, Trump claimed that the job figures “were RIGGEDOn Wednesday, he nominated economist EJ Antoni, longtime critic of the BLS, to oversee the department.

After the latest inflation figures were released, Trump claimed: “It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers.”

The president also, once again, attacked Fed chair Jerome Powell and suggested he might sue Powell over costly renovations to the Fed’s buildings.

“Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump wrote on his social media platform, Truth Social. “I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”



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No. 6 Oregon flattens Oklahoma State: Ducks hand Cowboys worst loss of Mike Gundy era

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No. 6 Oregon delivered one of the most lopsided wins in program history Saturday, blasting Oklahoma State 69-3 at Autzen Stadium behind a barrage of explosive plays and a suffocating defense.

The Ducks scored 65- and 59-yard touchdowns on two of their first three snaps, seizing control just 90 seconds into the game. By halftime, Oregon led 41-3 with 473 yards of offense — 230 through the air and 230 on the ground — and an eye-popping 13.1 yards per play.

Quarterback Dante Moore was nearly flawless in his second start, completing 16 of 21 passes for 266 yards and three touchdowns. Running back Noah Whittington emerged as the lead option, rushing for 91 yards and a 59-yard score.

Oregon’s defense matched the dominance. Freshman quarterback Zane Flores struggled in his first start for Oklahoma State, throwing for just 67 yards with two interceptions — both returned for touchdowns by Peyton Woodyard and Jerry Mixon on consecutive plays in the third quarter. The Cowboys managed only 161 total yards, with more than half of Flores’ output coming on a 35-yard completion to Christian Fitzpatrick that set up their lone points.

The 66-point margin marked the third-worst defeat in Oklahoma State history and the most lopsided loss of Mike Gundy’s tenure.

Quick hitters 

Key Stats – Oregon

  • QB Dante Moore: 16 of 21, 266 yards, T-career high 3 pass TDs.
  • Ducks gained more yards on first 3 plays (130) than Oklahoma State had in the 1st half (123).
  • Outscored Oklahoma State 41-3 in the first half, with more TDs (6) than OSU had first downs (5).
  • 8 plays of 20+ yards in the 1st half (most in any half since 2017 vs. Oregon State).

Key Stats – Oklahoma State

  • Failed to start 2-0 for the first time since 2016 (2nd-longest active FBS streak entering Saturday).
  • Scored 3 points or fewer for the 6th time in 259 games under Gundy.
  • Suffered 10th straight loss vs. FBS opponents (longest streak in program history, 4th-longest active FBS streak nationally).
  • Allowed 41 points in the 1st half, most since giving up 44 to Oklahoma in 2015.
  • QB Zane Flores (first collegiate start): 6 of 18, 61 yards, 2 pick-sixes.

Season Snapshot – Oregon

  • Dante Moore (2025): 77.3% comp, 479 pass yds, 10.9 YPA, 6 TD-0 INT.
  • Oregon offense (2025): 22 drives → 16 TDs, 1 FG, 2 punts.

Oregon Active Streaks (FBS Rank)

  • Home wins: 17 (3rd)
  • Regular-season wins: 20 (1st, program record)
  • Wins vs. unranked teams: 33 (T-2nd)
  • Nonconference home wins: 36 (1st)
  • Home wins vs. unranked teams: 41 (2nd)

Largest Losses in Oklahoma State History

  • 1904 vs. Oklahoma: 75 points
  • 1907 at Oklahoma: 67
  • 2025 at Oregon: 66
  • 1946 vs. Oklahoma: 61
  • 1970 at Oklahoma: 60

Most Points Allowed in Oklahoma State History

  • 1904 vs. Oklahoma: 75
  • 1946 vs. Oklahoma: 73
  • 1996 at Texas: 71
  • 2025 at Oregon: 69

Longest Active FBS Losing Streaks vs. FBS Opponents

  • Kent State: 23
  • Southern Miss: 14
  • UMass: 13
  • Oklahoma State: 10 (longest in program history)

Next Week

  • Oregon at Northwestern
  • Oklahoma State vs. Tulsa (after bye)





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Chicago federal intervention latest: President Trump’s immigration enforcement, possible National Guard deployment | Live updates

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Despite fear in some Chicago communities over the expected surge in immigration enforcement, Pilsen held its Mexican Independence Parade on Saturday. There were some extra precautions taken in case federal agents showed up.

This year’s Pilsen Mexican independence Day Parade not only looked different, but felt different. A lot of the community and their supporters have concerns over the administration’s continued immigration enforcement.

“I just think we still need to be out here, and so we’re not scared and still show our heritage, and that we’re a proud people, and that we’re not scared of anything that’s going on,” paradegoer Jasmine Martinez said.

For a 24th time, the annual procession headed across 18th Street at noon as heightened security concerns loomed following the Trump administration’s threats to deploy National Guard troops and ICE agents to the city.

“I’m against goons and masked people, that’s like the KKK,” Pilsen resident Tom Sanchez said. “So, I’m here.”

Despite fear in some Chicago communities over the expected surge in immigration enforcement, Pilsen held its Mexican Independence Parade on Saturday.

Bands, colorful floats and dancers marched in the parade to noticeably smaller crowds.

According to the most recent census, Chicago’s Mexican-American community represents 21.5% of the city’s total population. The threat of federal intervention has turned what is usually a time of celebration to one of anxiety in Latino neighborhoods.

“It does seem a little bit less crowded than the last time we were here,” paradegoer Ben Snyder said.

While reports of ramped-up deportation efforts caused other celebrations to be canceled or postponed, organizers of Pilsen’s parade said they did not think their event would be targeted, but still staged safety volunteers armed with warning whistles along the short parade route as a precaution.

“Three continuous whistles, like this, will mean an ICE sighting,” said Vicky Lugo, parade organizer and Pilsen Chamber of Commerce board member. “A continuous whistle like this [means someone is getting arrested by immigration agents.]

Some of Illinois’ elected official have rejected Trump’s plans.

“This is more than a parade today, this is a show of unity,” Congressman Mike Quigley said. “This is a reminder that there is more than unites us than divides us.”

The actual Mexican Independence Day falls on September 16, but celebrations will continue throughout the week, usually drawing hundreds of thousands of people. Where there were no issues at Pilsen’s parade this year, there are concerns about next weekend. That’s when the Little Village Mexican Independence Day Parade kicks off. There’s concern there could be some enforcement activity there.



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US Open tennis 2025: Aryna Sabalenka beats Amanda Anisimova in women’s singles final – live | US Open Tennis 2025

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Key events

It’s a fourth grand slam title overall for Sabalenka and she’s the first player to successfully defend their US Open singles title since Serena Williams in 2014. Her record in her past six hard-court majors reads W/F/W/W/F/W. It’s almost Sinner-like.





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