Business News

Consumer Prices Rose

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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