Good morning.
Tuesday in Whitewater will be sunny with a high of 57. Sunrise is 6:46 and sunset 4:32 for 9h 46m 00s of daytime. The moon is a waxing crescent with 1.7% of its visible disk illuminated.
Whitewater’s Public Works Committee meets at 5 PM.
On this day in 1851, Moby-Dick, a novel by Herman Melville, is published in the USA.
Jeanna Smialek reports Consumer prices slowed in October:
Inflation eased in October and price increases showed encouraging signs of slowing under the surface, according to fresh data released on Tuesday. The report provides the Federal Reserve with evidence that its battle against rapid inflation is working.
The overall Consumer Price Index slowed to 3.2 percent last month on a year-over-year basis, lower than the 3.7 percent reading in September and the coolest since July. That deceleration owed partly to more moderate energy prices.
Even with volatile fuel and food prices stripped out, a closely watched “core” price measure climbed 4 percent in the year through October, slower than the previous reading and weaker than what economists had expected.
Inflation has come down meaningfully over the past year after peaking in the summer of 2022, and the fresh report showed evidence of continued progress. Fed officials are trying to wrestle price increases back to roughly the 2 percent pace that was normal before the pandemic by raising interest rates, which they hope will slow consumer and business demand.
These are national figures; local prices changes will vary from the national average.
A question, however, presents itself in every community, big or small: in which local officials will residents place their trust to seize the opportunities of improved conditions? Will Whitewater and other cities turn yet again to those who have produced press releases instead of genuine progress in residents’ individual and household incomes?
Will residents in these communities take the measure of the difference between past positioning and current professional performance?
Massive cracks and fissures in a road following hundreds of small earthquakes in Iceland: