INFLATION IS WORSE | D.C. Daily

Well, the cost of living is up all the way around. Today, senior citizens will find out how much money they're going to have to cover expenses in 2027. So the Social Security COLA, or the Cost of Living Adjustment, it's going to be announced this morning. Now, the COLA adjustment is meant to help seniors getting their Social Security benefits to keep up with inflation. The increase expected to be 3.5% for 2027 compared to 2.8% for 2026. 2026. So on average, the increase will be about $70 to $75 more a month. Another interest rate hike is looking more and more likely. The Consumer Price Index for September will be released this morning. It's expected to show inflation is up again a half a percent from the month before, 3.7 percent higher than September last year. And that's getting close to double what the Federal Reserve's goal is of 2 percent inflation. Now, the central bank will make its interest rate announcement two weeks from today, and then they only have one more announcement before the end of the year, and they've already signaled to expect another interest rate hike before we move into 2027. A federal judge extending the order, blocking President Trump from banning reporters from CNN, MSNBC, and Politico from the White House. The judge ruled that those news groups were likely to succeed in their lawsuit, showing that their press access had been revoked without due process. President Trump called the outlets fake news, accusing them of writing what he calls fiction and lies. The outlets had sued, and shortly after, they got access back while the lawsuit plays out.