::THE SLICE REPORT WITH MONA AUSTIN

(TSN): Inflation has dropped by 3 percent in the U.S., the lowest rate since 2021. Today's CPI drop is encouraging but the White House says their job is not done. Jared Bernstein of the Council of Economic Advisors speaking at the daily briefing said wages also went up in July increasing the buying power of working families. These numbers mean we are not in a recession. However, many Americans are experiencing the "consumer crunch" that inflation brings. African Americans in urban areas have a greater challenge with supermarket redlining due to higher prices being imposed for fewer items. Pres. Joe Biden has continues be optimistic despite the financial burdens people are facing and repeatedly forecasts a 'soft landing" on the economy. "The momentum is in the right direction, although there are no victory laps yet. Too many families are facing too many high costs...." Bernstein added. "We hear you." Over time, positive changes in the CPI r...