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The Labor Department says consumer prices rose 0.4% in August. These gains are the largest in seven months and CPI is up 1.9% year-on-year. Gasoline prices surged 6.3%, the biggest gain since January. Food prices rose 0.1% and the cost of rental accommodation surged 0.4%. .

The Census Bureau says Oregon's median household income is $59,135. Oregon's poverty rate is 13.3%.

President Donald Trump has blocked the $1.3 billion sale of Lattice Semiconductor to Chinese investors over national security concerns. Founded in Oregon 34 years ago by veterans of Tektronix and Intel, Lattice makes a class of programmable computer chip used in consumer gadgets and industrial and networking equipment. (OregonLive)

Chinese economic data was weaker than expected. Retail sales were up 10.1% (year-over-year); while industrial production grew at 6%, both less than expectations and previous data. (LPL Research)

Join us this weekend for Financial Focus Radio, the truth in wealth building, when we will talk about if inflation is about to take off.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.