Inflation

TL/DR - The US Commerce Department has reported that inflation has cooled more than expected. The personal consumption expenditures price index, which is the Federal Reserve's preferred measure of prices, fell 0.1% last month, indicating that efforts by the Fed to hit a target rate of 2% inflation are working. Economists and other commentators…

Bakersfield Reacts One Year After Congressman Valadao's Vote Against Inflation Reduction Act Published by Leslie Valle, Eyewitness News, on Wed, September 6th 2023 Residents of Bakersfield, California, are still expressing their disappointment over Congressman Valadao's vote against the President Joe Biden's Inflation Reduction Act that passed a…