Good morning.
Thursday in Whitewater will be partly cloudy with scattered showers and a high of 69. Sunrise is 7:25 and sunset is 5:51 for 10 hours 26 minutes of daylight. The moon is a waning gibbous with 83.9 percent of its visible disk illuminated.
On this day in 1929, it’s Black Tuesday when the New York Stock Exchange crashes, ending the Great Bull Market of the 1920s and eventually contributing to the Great Depression.
A reliable gauge of inflation, the Personal Consumption Expenditures index, rose again in September:
Consumer prices accelerated in September, which could bolster the case for the Federal Reserve to raise interest rates in December after forgoing an increase this week.
Prices, as measured by the Personal Consumption Expenditures index, increased 0.5 percent in September from a month earlier and 3.6 percent compared with the same time last year, according to a report released on Thursday by the Bureau of Economic Analysis. The pickup in prices provided further confirmation that inflation is running hotter than Fed officials would like. Their target, as measured by P.C.E., is to keep the annual increase near 2 percent over time.
“Core” prices, which exclude more volatile categories like food and energy, jumped 3.1 percent in September annually and rose 0.3 percent from a month earlier. That month-over-month increase was also 0.3 percent in August.
[…]
A big factor pushing up prices this year has been a severe energy crunch created by the war with Iran. Choked-off energy flows through the Strait of Hormuz sent oil prices soaring, which have rippled across the U.S. economy.
See Aruni Soni, Inflation Accelerated in September, Fed’s Preferred Measure Shows, New York Times, October 29, 2026.
Well. Those who understood the cost of tariffs and war never believed, and never could have believed, that prices would be lower under this federal administration.
Trump himself, as it turns out, admits the wide gap between his situation and the opportunities of the followers who attend his rallies:
Trump's affordability message: "You could even come to Mar-a-Lago. You'll be my guest. The problem is that for $5,000 the most you'll be able to buy is a hamburger and maybe a small dessert. I'm not even sure you could buy that! No, don't go there. It's not a good place if you're price conscious."
— Aaron Rupar (@atrupar.com) October 27, 2026 at 3:44 PM
Come for false hope, stay for the sad economic truth…
Worthy and inspiring, Brewers win first World Series title: