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Joe is always busy.
Inflation is down. down. down.
Inflation cooled more than expected in May, new data showed Wednesday, delivering a welcome piece of news just hours before the Federal Reserve is set to make its latest announcement on interest rates.
Consumer prices rose 3.3% from a year earlier, slowing from April’s 3.4% rate, according to the Bureau of Labor Statistics’ latest Consumer Price Index report released Wednesday.
On a monthly basis, prices were flat, a slower pace from April’s 0.3% gain.
It’s the first time since July 2022 that CPI did not rise on a monthly basis.
“This is the best news we could’ve gotten this morning,” Philip T. Powell, executive director of the Indiana Business Research Center and clinical associate professor at the Indiana University Kelley School of Business, told CNN. “The Federal Reserve has been watching to make sure this [monthly] number came in below 0.2%.”
“If it did, that means inflation is going to come down, which means [the Fed] could lower interest rates,” he added.
Economists were expecting a 0.1% monthly increase and an annual gain of 3.4%, according to FactSet consensus estimates.
Helping to slow inflation in May were falling gas prices, which dropped 3.6% from April. They’re still up 2.2% for the year. Grocery prices were flat and overall food prices went up by 0.1%, lifted by a slight acceleration in inflation at the restaurant level. (CNN)
BREAKING: Famous singer Carole King has endorsed and began fundraising for President Biden.
President Biden and I just took the next step to ensure medical debt can no longer be included in credit scores.
Millions of Americans will see their credit scores increase by an average of 20 points, helping tens of thousands of families get approved for a mortgage. pic.twitter.com/jCNicUEmWF
Transportation Secretary Pete Buttigieg answers Martha-Ann Alito.
Have a look and listen.👇
.@JohnBerman asks Transportation @SecretaryPete about the secret recording of Supreme Court Justice Samuel Alito's wife, Martha, where she's heard discussing how she feels about a pride flag being flown by her home. pic.twitter.com/p5NKgDMZrr
Eight years ago, Florida experienced one of the deadliest mass shootings in history when 49 people were killed & 53 more were injured at Pulse, an LGBTQI+ nightclub in Orlando.
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Another stain on the United States.
The Tulsa Race Massacre.
BREAKING: The Oklahoma Supreme Court has dismissed the Tulsa Race Massacre case, in what was likely the final opportunity for survivors to receive justicehttps://t.co/5AOAwneh0e
The women’s team has won seven consecutive gold medals, a streak that started with the 1996 Games in Atlanta.
Here's the roster for the 2024 team and answers to other frequently asked questions.
Which players will be on the U.S. women’s basketball roster for the 2024 Summer Olympics?
Napheesa Collier — Minnesota Lynx
Kahleah Copper — Phoenix Mercury
Chelsea Gray — Las Vegas Aces
Brittney Griner — Phoenix Mercury
Sabrina Ionescu — New York Liberty
Jewell Loyd — Seattle Storm
Kelsey Plum — Las Vegas Aces
Breanna Stewart — New York Liberty
Diana Taurasi — Phoenix Mercury
Alyssa Thomas — Connecticut Sun
A’ja Wilson — Las Vegas Aces
Jackie Young — Las Vegas Aces
Who will coach the U.S. women's Olympic basketball team?
Cheryl Reeve, president of basketball operations and head coach of the Minnesota Lynx, is helming the coaching staff for the Olympic team.
Her assistant coaches are Mike Thibault, general manager for the Washington Mystics; Kara Lawson, head coach at Duke University; and Joni Taylor, head coach at Texas A&M University.
This coaching staff previously won gold at the 2022 FIBA Women’s World Cup.
“I really enjoyed the time that our staff had over in Sydney at the World Cup, our first time in competition together,” Reeve said in a statement in February.
“Each has different strengths they bring to the table and I’m looking forward to working with them for the run in Paris," she added.
When does the team play?
The team's first game in the Paris Olympics is Monday, July 29, against Japan.
Its second game is Thursday, Aug. 1, against Belgium, followed by a third matchup on Sunday, Aug. 4, against Germany.
The quarterfinals, semifinals and medal matches in women's basketball are scheduled for Wednesday, Aug. 7, Friday, Aug. 9, and Sunday, Aug. 11, respectively.
How to watch the 2024 Paris Olympics
The aforementioned USA games will air on NBC. The 2024 Paris Olympics in general will air on NBC and sister networks and stream on Peacock. (Peacock is owned by TODAY.com's parent company, NBCUniversal.) _________________________________________________
Your daily reminder.
Trump is a convicted felon.
On May 30th, he was found guilty on 34 felony counts by the unanimous vote of 12 ordinary citizens.
He will be sentenced on July 11.
Hunter Biden was not the only one who had a gun unlawfully.
Felony #35?
Under federal law and state law in New York and Florida, people with felony convictions are barred from possessing a firearm.
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