Business plans: The Society for Emerging Networkers and Student Entrepreneurs is holding its first pitch night at 7 p.m. today at Patrick F. Taylor Hall on the LSU campus. Two entrepreneurs will pitch their business models to the audience and get feedback from professionals. For more details, click here.
More of a jump than expected: Consumer prices rose slightly in August because of higher gas prices, another sign the weak economy is keeping inflation in check. The Labor Department says the Consumer Price Index rose 0.4% in August, after a flat reading in July. Wall Street economists expected a 0.3% increase, according to a survey by Thomson Reuters. Excluding volatile food and energy prices, the core price index rose 0.1%, matching expectations. While prices are up slightly over the 12 months ending in August, they are well within the Federal Reserve’s comfort zone. That means the central bank faces little pressure to raise its benchmark interest rate, a step it takes to ward off high inflation.
