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Daily Bread for 9.11.24: National Inflation Reaches a Three-Year Low

Good morning.

Wednesday in Whitewater will be sunny with a high of 83. Sunrise is 6:31, and sunset is 7:10, for 12h 38m 11s of daytime. The moon is a waxing gibbous with 53.13 percent of its visible disk illuminated.

There is a Special Lakes Advisory Committee meeting at 4:30 PM, and a Special Finance Committee meeting at 5:30 PM.

On this day in 1789, Alexander Hamilton is appointed the first United States Secretary of the Treasury. On this day in 2001, the September 11 attacks, a series of coordinated terrorist attacks kill 2,977 people using four aircraft hijacked by 19 members of al-Qaeda. Two aircraft crash into the World Trade Center in New York City, a third crashes into the Pentagon in Arlington County, Virginia, and a fourth into a field near Shanksville, Pennsylvania.


We have in our small town this morning some good national economic news. Christopher Rugaber of the Associated Press reports Consumer prices rose 2.5% last month, with U.S. inflation reaching a 3-year low:

WASHINGTON (AP) — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race.

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. It was the fifth straight annual drop and the smallest since February 2021. From July to August, prices rose just 0.2%.

America had a good night last night, and today the nation awakes to good economic news. And yet, much work lies ahead…


Behind the Spacecraft: Europa Clipper:

Meet some of the engineers contributing to NASA’s Europa Clipper mission, which will study Jupiter’s icy moon Europa to see if it has conditions suitable to support life. This trailer is an introduction to the team members profiled in the “Behind the Spacecraft: Europa Clipper” video series.

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