WTF Just Happened Today?

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1/ Inflation accelerated for a second consecutive month – the fastest pace in more than a year – due to a jump in gasoline prices, which accounted for more than half of the increase. Consumer prices rose 0.6% in August from the prior month – the most since inflation peaked at a four-decade high in June 2022 – and up 3.7% from a year earlier. Although prices climbed at a faster monthly pace than expected, the report keeps Federal Reserve officials on track to hold interest rates steady next week after raising rates to a 22-year high in July. The Fed has two more meetings this year – in early November and mid-December – and their decision on whether to lift rates higher will depend on whether price increases continue to slow in coming months. (Wall Street Journal / Bloomberg / New York Times / USA Today / CNBC / ABC News / NBC News / Politico)

2/ A federal judge denied Mark Meadows’ request to pause court proceedings in Fulton County while he appeals the ruling. Last week, U.S. District Judge Steve Jones rejected Meadows’ request to move his case to federal court. Meadows “has not shown he is entitled to an emergency stay,” Jones ruled, adding: “Meadows’s contentions that he would be irreparably harmed by the possibility of facing trial next month are insufficient to carry his burden on the emergency stay requested.” Meadows, meanwhile, appealed the decision to the 11th U.S. Circuit Court of Appeals, which granted him an expedited review. (CNBC / CNN / ABC News / Atlanta Journal-Constitution)

3/ A federal judge refused to give Trump permission to discuss classified documents at Mar-a-Lago, where he’s already mishandled classified documents. U.S. District Judge Aileen Cannon, however, didn’t specify where the secure facility for reviewing sensitive records for Trump’s trial will be. Trump’s lawyers argued that requiring him to travel to talk about classified information would impose a heavy burden, given the complex logistics and security involved as both a former president and 2024 candidate. Prosecutors, however, told Cannon that Trump was seeking “special treatment that no other criminal defendant would receive.” (Washington Post / New York Times / CNN /

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WTF Just Happened Today?By Matt Kiser

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