The latest inflation numbers show more pain for consumers

<p>The Federal Reserve&#8217;s preferred gauge for inflation went up 6.8% in the year that ended in June, reaching yet another 40-year high. It&#8217;s difficult to say, then, that we&#8217;ve hit peak inflation, and that&#8217;s stretching consumers even thinner, says Christopher Low, chief economist at FHN Financial. A look at what&#8217;s in the CHIPS Act, the semiconductor-boosting bill that&#8217;s expected to be signed into law soon. And we talked to APM Reports about their recent investigation into allegations against a popular COVID testing company.</p>