Biden Admin Awards $1.7 Billion for EV Production; Annual Inflation Eases to 3 Percent | Business Matters (July 11)

The federal government is spending $1.7 billion to modernize automobile manufacturing facilities to help the industry compete with foreign subsidies and create and protect jobs. The U.S. annual inflation rate eased for the third consecutive month and came in below the consensus estimate, offering the Federal Reserve further evi...