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Does the Fed have a plan to tame inflation?

Good morning! It’s Daniel de Visé with your Daily Money.

A divided Federal Reserve left interest rates unchanged at its July meeting. That is more or less what forecasters expected, but it remains unclear what Fed Chair Kevin Warsh will do to tame inflation.

Medicare premiums could be rising

Millions of older Americans on Medicare could see higher monthly prices on their prescription drug insurance plans in 2027 after the Trump administration ends a subsidy program, Ken Alltucker reports. Here’s the story.

Could this Trump immigrant crackdown hurt the economy?

For years, Jessica Guynn reports, employers from Florida to Ohio have relied on immigrants taking part in a humanitarian program to staff hard-to-fill job openings for construction workers and home health aides. 

Now, they warn, the Trump administration’s sweeping crackdown on immigration is threatening that labor pool.

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Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

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