The National Weather Service issued a flood advisory for the area at 5 a.m. this morning. It expires at 9 a.m. Low-lying and poorly drained areas are at risk of minor flooding due to the excessive rainfall.
The remnants of the hurricane are moving through the region a little faster than expected, and by Monday it will be well east of us with some lingering wrap-around showers.
The early part of the week will be dry, with the next chance of rain by the second half of the week.
In the weather forecast for Martinsville, there is a 100% chance of up to another inch of rain today, with a high of 72, and the possibility of a thunderstorm this afternoon. Partly cloudy tonight with a low of 60. Sunny and breezy on Monday with a high of 77 and wind gusts up to 23 mph.
Customers shop at a grocery store on Sept. 10, 2026, in Chicago, Illinois. (Scott Olson/Getty Images)
(WASHINGTON) — Inflation held steady in August but price increases remained elevated as the Iran war continued to push up fuel prices months after it began. The reading matched economists’ expectations.
Prices rose 3.4% in August compared to a year earlier, maintaining the same level from the prior month, federal government data released on Friday morning showed.
Inflation stands more than a percentage point higher than the Federal Reserve’s target rate of 2%.
Gas prices jumped nearly 4% in August from July, accounting for about a third of the overall price jump last month, the U.S. Bureau of Labor Statistics said. Shelter prices — which include home-owner payments and rental charges — also sped up in August from July.
Groceries provided a bright spot in the report, however. The price of groceries stayed flat in August from July, putting annual inflation for groceries at 2.2%. That figure for grocery inflation stands well below the annual pace of overall price increases.
The fresh data arrived days after oil prices topped $100 a barrel and gas prices notched their highest level for any Labor Day on record.
The economy has shown signs of additional strain in recent days, including a bond selloff that threatens to raise borrowing costs for mortgages and credit cards.
Central bankers are sure to closely examine the inflation report as they weigh a potential interest rate hike at their meeting next week. Federal Reserve Chair Kevin Warsh has vowed to cool off persistently elevated price increases.
Despite a stubborn bout of inflation, the economy remains fairly robust by some measures.
A blockbuster jobs report last week showed employers added 162,000 workers in August, demonstrating continued resilience for the nation’s labor market. The economy grew over three months ending in June, defying fear of a downturn triggered by the Iran war.
Inflation, however, continues to weigh on shoppers, while raising the likelihood of Fed intervention that may slow the economy.
Attacks on oil tankers in the Middle East pushed global crude prices above $105 a barrel as of Thursday, which amounted to a rise of about 50% since the Iran war broke out in late February.
The average price of a gallon of gas in the U.S. stands at $4.29, putting it more than $1.30 higher than before the war, AAA data showed.
Record-high diesel prices have raised transport costs for many everyday products, including groceries, clothes and furniture.
The price woes have divided central bankers eager to contain inflation but reluctant to cool off the labor market.
The Fed opted to hold interest rates steady at its most recent meeting in July. Three of the 12 members on the Fed’s policymaking board, however, voted in favor of a rate hike, marking the largest number of dissenters casting ballots in the same direction since 2016.
Financial markets peg the odds of a quarter-point rate hike next week at 71%, according to the CME Group’s FedWatch tool, a measure of investor sentiment.
Warsh, who took the helm of the central bank in May, said late last month that it should prioritize fighting inflation.
“Inflation is running above our 2% target so the Fed’s predominant focus right now should be on prices,” Warsh said in remarks last week at the Fed’s annual summer gathering in Jackson Hole, Wyoming.
“If the Fed gets inflation wrong and judges the economy wrong, who gets the worst of it? Not the financial high-fliers. Hard-working Americans are the ones left to deal with inflation that is too high or jobs that suddenly appear less secure,” Warsh added.
