{"id":227591,"date":"2026-10-15T04:49:57","date_gmt":"2026-10-15T04:49:57","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/inflation-report-expected-to-show-soaring-prices-and-pope-leo-diagnosed-with-lung-cancer-morning-rundown-nbc-news\/"},"modified":"2026-10-15T04:49:57","modified_gmt":"2026-10-15T04:49:57","slug":"inflation-report-expected-to-show-soaring-prices-and-pope-leo-diagnosed-with-lung-cancer-morning-rundown-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/inflation-report-expected-to-show-soaring-prices-and-pope-leo-diagnosed-with-lung-cancer-morning-rundown-nbc-news\/","title":{"rendered":"Inflation report expected to show soaring prices and Pope Leo diagnosed with lung cancer: Morning Rundown – NBC News"},"content":{"rendered":"

For You
Settings
news Alerts
There are no new alerts at this time
The final federal inflation report before the midterms is set to be released and is expected to show soaring prices. Pope Leo is diagnosed with lung cancer after undergoing surgery. And Bank of America is ordered to pay a billion-dollar fine after allegedly violating anti-money laundering and sanctions laws.
Here\u2019s what to know today.
The Bureau of Labor Statistics is set to release its final inflation report before the midterm elections, as Republicans fight to keep control of Congress despite President Donald Trump\u2019s lagging popularity and persistently high prices. Economists expect the September consumer price index report to show the annual amount of inflation rose to 3.7% from 3.4% and for prices to have risen by 0.6%. The monthly jump, if confirmed, would be one of the largest in years.
This is Morning Rundown, a weekday newsletter to start your day. Sign up <\/strong><\/em>here<\/strong><\/em><\/a> to get it in your inbox.<\/strong><\/em>
Diesel costs are a particular concern for economists who say the higher prices trickle down into \u201cjust about everything.\u201d Since the start of the Iran war, the price of the fuel is up more than 75% while the price of regular gas has climbed more than 45%.
While data shows consumer wage growth lagging behind the rate of inflation, consumer spending has remained steady.
Among the sectors fueling higher core inflation is airfare, with jet fuel prices up 90% since this time last year. Apple\u2019s latest iPhone and autos \u2014 new and used as well as insurance for the vehicles \u2014 could also contribute.
What Trump has done in an attempt to push down fuel prices.<\/strong><\/a>
Pope Leo XIV has been diagnosed with lung cancer<\/strong><\/a> and had part of his right lung removed, the Vatican announced following the completion of his surgery yesterday. Leo, 71, revealed the discovery of a small, localized nodule during his Sunday prayer. He appeared in good spirits before he left the Vatican for the hospital.
The cancer, adenocarcinoma, is the most common type of lung cancer seen in people who have never smoked. Doctors don\u2019t have a clear explanation for why lung cancer develops in nonsmokers, although some theories include genetics, air quality and an aging population, according to Dr. Panagis Galiatsatos, a pulmonary and critical care physician at Johns Hopkins Medicine.
Find out more about who\u2019s at risk and treatments.<\/strong><\/a>
Bank of America ordered to pay historic $1.2 billion fine
Bank of America was ordered to pay $1.2 billion, the third-largest penalty in Treasury Department history, for violating anti-money laundering and sanctions laws, the department said. As part of that total, the bank was ordered to pay $750 million to the Office of the Comptroller of the Currency, the largest fine it has ever levied.
The Treasury Department said the bank didn\u2019t report \u201cover $5 billion dollars in suspicious transactions,\u201d including suspicious transactions \u201cindicative of Chinese Money Laundering Networks, fraud, and potential trade-based money laundering.\u201d The bank is also settling \u201cits potential civil liability for 475 apparent violations of multiple sanctions programs,\u201d the Treasury Department said.
How Bank of America responded to the penalties.<\/strong><\/a>
Sen. Jon Ossoff has \u201czero interest\u201d in running for president in 2028, he said during his second debate with Rep. Mike Collins, his Republican competitor in the Georgia Senate race. Ossoff said he would serve a full six-year term if he wins re-election.
The remark came early in the hourlong debate, and Ossoff quickly transitioned to pressing Collins on why he has supported Trump\u2019s tariffs. In addition to the economy, the pair debated the war in Iran and Collins\u2019 son-in-law promoting white nationalist posts on social media.
More highlights from the debate.<\/strong><\/a>
A recent NBC News polling average shows 52% of Americans want Democrats to have the majority in Congress, while 43% prefer the Republicans. But voters are split on which party they think would handle issues like the economy, healthcare, crime and immigration better. See the poll results here.<\/strong><\/a>
Plus, see an overview of this year\u2019s biggest elections in our Countdown to Midterms<\/strong><\/a>, as well as breakdowns of Trump\u2019s approval rating<\/strong><\/a>, important state races<\/strong><\/a> and early voting<\/strong><\/a>.
Cornell suspends fraternity events through end of year
The allegations of a gang rape at a fraternity party at Cornell University have sparked outrage across the country and on the school\u2019s Ithaca, New York, campus. The university and local district attorney have defended their response, and Cornell announced yesterday that it\u2019s suspending all \u201cparties and social events\u201d at fraternity houses for the rest of the academic year.
Students who heard about the allegations two years ago said they believed the school would properly handle its investigation and support the accuser, known as Jane Doe. But now those students say they\u2019re deeply disappointed at Cornell and are demanding changes. We spoke to some of them and took a look at how they\u2019ve led demonstrations, town halls and a sit-in<\/strong><\/a> \u2014 with more events to come.
\u2014 <\/em>Daniella Silva<\/strong><\/em>, national reporter<\/em>
Prepping for winter? The shopping editors at NBC Selected found the best windshield scrapers<\/strong><\/a> and emergency car kits<\/strong><\/a> to help you through any remaining snowstorms. Plus, they put together an extensive guide on how to shop for a snowblower<\/strong><\/a> (and snow shovels<\/strong><\/a>, if that\u2019s more your speed).
Sign up for The Selection<\/strong><\/em><\/a> newsletter for hands-on product reviews, expert shopping tips and a look at the best deals and sales each week.<\/em>
Thanks for reading today\u2019s Morning Rundown. Today\u2019s newsletter was curated for you by Elizabeth Robinson and Josephine Murphy. If you\u2019re a fan, please send a link to your family and friends. They can sign up <\/em>here<\/em><\/a>.<\/em>
Elizabeth Robinson is a newsletter editor for NBC News, based in Los Angeles.
Josephine Murphy is an NBC News platforms intern based in Los Angeles.
© 2026 NBCUniversal Media, LLC<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For YouSettings news AlertsThere are no new alerts at this timeThe final federal inflation report before the midterms is set to be released and is expected to show soaring prices. Pope Leo is diagnosed with lung cancer after undergoing surgery. And Bank of America is ordered to pay a billion-dollar fine after allegedly violating anti-money […]<\/p>\n","protected":false},"author":1,"featured_media":227592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-227591","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/227591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=227591"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/227591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/227592"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=227591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=227591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=227591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}