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Thousands gather as Country Summer opens in Santa Rosa The Press Democrat Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
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US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
2+ day, 21+ hour ago (87+ words) Wholesale prices moved higher last month in latest sign of stubborn inflation The Press Democrat By CHRISTOPHER RUGABER, AP Economics Writer The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year…...
‘Many’ Fed officials think higher rates will be needed if inflation stays high
3+ week, 3+ day ago (396+ words) The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 policymakers vote on the outcome. Officials voted 9-3 at the meeting to keep their key rate unchanged at…...