Consumer inflation cooled in July, but prices remain high

Inflation cooled just a hair last month, but it's still above where the Feds want it to be. Even with that decrease, prices for just about everything remain high. So why the disconnect? And could this teeny tiny slip in inflation push the Feds to lower interest rates... especially when mixed with that dismal jobs report that came out last week?  Right on the Money -- how will this affect your bottom line? Joining the program is Dr. Michael Kofoed, associate professor of economics at the University of Tennessee at Knoxville.