Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights | JQJO

The Commerce Department reported Wednesday that the Personal Consumption Expenditures price index rose 3.7 percent in July compared with a year earlier, matching June's annual pace. Inflation remains well above the Federal Reserve’s 2.0 percent target, driven by high service costs, energy market disruptions, and supply chain adjustments. Excluding volatile food and energy categories, core PCE inflation held steady at 3.3 percent annually and rose 0.2 percent from the previous month. The ongoing conflict involving Iran has maintained upward pressure on gas prices, while proposed trade tariffs on major partners such as Canada and China contribute to cost uncertainties across consumer goods. Additionally, surging investment in artificial intelligence infrastructure has increased prices for hardware, computers, and semiconductors. The Commerce Department announced planned methodological adjustments for next month’s release to refine calculations for financial services and software expenditures, which economists estimate could lower measured annual PCE inflation by approximately 0.2 percentage points.

Julia Stiles performed a contemporary routine on Dancing With the Stars Dedication Night, joined by her 10 Things I Hate About You castmates to tribute late co‑star Heath Ledger. The routine echoed Ledger’s 1999 performance in the film, where his character sang to Stiles’ character from the bleachers. Stiles described the moment as trippy, noting her age difference and the emotional impact of revisiting the film’s legacy. Ledger died in January 2008 at the age of twenty‑eight.

The provided source does not contain any information about former President Donald Trump or a statement regarding companies paying dividends to communities to make data centers popular. No factual content can be reported from the supplied evidence.

The New York Knicks unveiled their first new rafter banner in 53 years at Madison Square Garden on Tuesday night, a ceremony that marked a historic moment for the franchise. The banner, which took its time ascending from the floor to the left of the “M” in the arena’s name, was the only one to be displayed that evening. The event was attended by notable figures including Mariska Hargitay, Spike Lee, Roger Goodell and Jon Bon Jovi. While the Knicks celebrated the banner, the 76ers, led by LeBron James, stole the spotlight with a 106‑100 victory over the Knicks on opening night. The Garden, a venue that also hosts concerts, hockey, bull riding and monster trucks, remains the epicenter of a basketball city whose playgrounds have produced legends worldwide. The banner’s arrival was described as a “beautiful curtain” that honors the luckiest of the lucky. The ceremony took place before the 6:30 p.m. opening‑night game, which drew the highest ticket price in NBA history for an opener, according to Forbes. The Knicks’ fans, wearing jerseys and championship gear, filled the arena in anticipation of the new chapter for the team.

A thirty‑seven‑year‑old man was struck by a federal immigration vehicle on Tuesday morning while documenting ICE activity in Woodland, California. The collision occurred at nine‑thirty‑eight a.m. near Clover Street and College Street. The driver, an ICE agent, immediately notified police and cooperated with investigators. The victim, Antonio Moreida, sustained minor injuries and was taken to a hospital. Video evidence shows the SUV swerving into the pedestrian’s path. Woodland police are investigating the incident.

Patriots wide receiver A.J. Brown said he is praying for Eagles quarterback Jalen Hurts, who is out for the season with multiple blood clots in his lungs. Brown, who was traded from Philadelphia in June after a four‑season stint, expressed love and respect for Hurts and confidence that the former teammate can handle the situation. The two had played together for four seasons, with Brown recording 339 catches for 5,034 yards and 32 touchdowns, earning two Pro Bowls and helping the Eagles win a Super Bowl. They had not spoken since the trade until a joint practice in August.