The Countdown: Making sense of US economy amid stubbornly high inflation rates

In this edition of ‘The Countdown,’ we break down the U.S. economy as inflation struggles to slow down.

Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising.

ABC’s Reena Roy joined the show to help sort through the latest news.

We also spoke with Giacomo Santangelo, an economic lecturer at Fordham University, for insight about the economy, inflation and interest rates.

Here are the other headlines from Tuesday’s show:

7 On Your Side uncovers Zelle scams

In 2020, nearly 18 million Americans were defrauded through scams involving instant payment apps like Zelle. It’s a favorite of consumers that allows them to immediately transfer money, but it’s also a favorite way for fraudsters to get access to your bank accounts. Congress is now pressing banks to do more to protect their customers from these scams.

7 On Your Side has more on how people are getting fooled into thinking they’re…

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