Inflation cooler than expected, Russian strikes on Ukraine's grid, South Korea's $200B U.S. investment

Fed's preferred inflation gauge comes in cooler than expected

The personal consumption expenditures (PCE) price index rose 3.4% from a year earlier in August, below the 3.7% economists expected. Core PCE, which excludes food and energy, rose 3.0%, versus 3.3% expected. Annual revisions by the Bureau of Economic…

✔ Sources: Yahoo Finance, Fox Business

Russian strikes on Ukraine's power grid kill at least seven

Russia launched a large overnight missile and drone attack on Ukraine that killed at least seven people, including a child, officials said. President Zelenskyy said energy infrastructure in and around Kyiv was the main target. Russia's Defense Ministry…

✔ Sources: AP via WSB Radio, The Irish Times

White House touts $200 billion in South Korean investment, including Alaska LNG

The White House says President Trump is announcing $200 billion in South Korean investment in U.S. projects under last year's trade deal, including $54 billion for an 807-mile natural gas pipeline and export terminal in Alaska, plus nuclear and power…

✔ Sources: AP via ABC News, Al Jazeera, Korea JoongAng Daily

Red Sox face elimination tonight against the Yankees

After a 9-0 loss in Game 1, the Boston Red Sox face elimination in Game 2 of their best-of-three AL Wild Card Series at Yankee Stadium tonight at 8 p.m. ET (7 p.m. CT). Sonny Gray starts for Boston against Max Fried.

✔ Sources: MLB.com, The Boston Globe, NBC Boston

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