Inflation Cools Significantly in June, Bank of America Ordered to Pay – Today’s Business Headlines



Consumer prices rose 3% last month compared to a year earlier, and Bank of America was ordered to pay millions of dollars to customers on charges of illegally charging junk fees and opening fake accounts. ABC News’ Alexis Christoforous has more. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #inflation #economy #bankofamerica #junkfees #abcnews

Original source (ABC/Youtube)

22 comments

  1. Lies and propaganda. Don’t fall for it folks. Everything is still too expensive. Food, energy, utilities, rent, mortgages, taxes, everything. Worse it’s ever been!!!!

  2. Significantly? It was 2% before magoo took office

  3. 8 of the top 10 states with the highest inflation rate? The Republican-led states of Mississippi, Louisiana, Oklahoma, Alabama, Texas, Arkansas, Florida and Utah. 8 of the top 10 states with the highest poverty rate? The Republican-led states of Arkansas, Mississippi, Louisiana, West Virginia, Alabama, Kentucky, South Carolina and Oklahoma.

  4. Bad news for the GOP. They hate it when anything good happens in this country because then they have one less issue to whine about. They'd rather have the inflation rate at 10% rather than 3% because it gives them a campaign talking point.

  5. Inflation may be cooling, but high prices will stay where they are.

  6. This is propaganda. Inflation is as bad as ever.

  7. Lol. This administration and legacy media are liars.

  8. πŸ˜‚ that's some special math used to make this up lol. Inflation is still up it just didn't increase as much as it did a year ago .

  9. Inflations has cooled only by statistics on paper but not in the real world. I don't see a difference at all.

  10. This further proves that Democrats know how to lead the country and experts on economic. Unlike the Republicans who always complain, but no solution for anything.

  11. Even the dumb people are waking up to the reality that the media colludes with the Fed and banks to manipulate data. So thank you MSM. Thank you for waking up the masses before they have the ability to install a cdbc. πŸ˜ŠπŸ€— thank you, keep up the good work.

  12. Tell that to my utility companies, and my record grocery bills

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  14. everyone paying more to have less & work harder …..build back better is a failure

  15. Excellent work by the biden administration to lower trumps inflation mess

  16. So inflation is up 3% from last year, but last year it was up 7.5% so really it's up like 10% from 2yrs ago, correct me if I'm wrong

  17. Nahh.. inflations still hot.

  18. Banks are supposed to be places people can trust

  19. WTF Bank of America should change their name to we can't be trusted with your money

  20. Inflation and dollar abandonment will bring the US economy to its knees