Inflation Watch and Adobe Q1 Forecast Report
The Labor Department releases February producer prices showing wholesale inflation cooling with January up 6 percent year over year and a 0.7 percent month rise. Economists expect February to ease to 0.3 percent. Adobe, based in San Jose, reports fiscal Q1 results with anticipated profit and revenue growth driven by cloud services and subscriptions in 2023.
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Fed Vice Chair Calls Humility in SVB Review
Federal Reserve Vice Chair Michael Barr urges humility and a careful review of how supervision and regulation of the Silicon Valley Bank emergency unfolded. Critics say regulators missed clear signs the bank was at risk of collapse.
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Oil Spill Debate Grips Kansas Pipeline Case
Republicans downplay the spill while Salsman cites cleanup actions. The Washington County rupture near a farmer’s property sprayed droplets and soaked two acres as the Keystone system remains under scrutiny. Lawmakers press for answers as GAO notes rising spill severity since 2010 and officials vow investigation.
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Washington County
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