 Half a million visitors are expected to hit the beach there this holiday weekend. Lifeguards pulled nine people from the water in New Jersey. CBS News Brief. I'm Monica Ricks. In today's trend watching, the minutes from the latest Fed meeting suggest the Fed still wants to see more progress to its 2% inflation goal before cutting interest rates. But progress indeed has been made. The Fed's preferred measure of inflation, the so-called PCE deflator, which is included in the personal income and spending data put out by the government,