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5 ~, s; z1 C7 q! I The latest numbers show the U.S. economy is going strong. While unemployment is up slightly, so are job growth and wages, while inflation is trending down.But that s not necessarily great news for borrowers who are hoping for an interest rate cut from the Federal Reserve.The Federal Reserve is reconvening later this week for its fourth interest rate meeting of the year. But because the latest data is painting an optimistic view of the economy, the likelihood of a rate cut is looking slim. The economy is coming back from pandemic years in vengeance,  said Kishore Kulkarni, a professor of economics with Metropolitan State University of Denver.Kulkarni said the latest economic news is exciting, with hundreds of t stanley cup housands of new jobs added in May and inflation slowing once again in April.But he says the strength of the labor market may be a worrying sign for the Federal Reserve. You cannot ask for a whole lot better sign for a very strong macro economy,  Kulkarni said.  My hunch is  stanley cup that the Federal Reserve will shy away from lowering the interest rate this whole year. Th stanley cup e Fed will announce its decision Wednesday, the same day May s inflation report is released with the rate lingering at 5.25 to 5.5 for nearly a year.Annual inflation has fallen drastically since its peak in 2022, ticking up in early 2024 before slightly dropping again in April to 3.4%, still above the Fed s 2% target.A survey from the University of Michigan found inflation concerns contributed to a six鈥搈onth low i Evjm Edgecomb trial: Suspect now faces first-degree intentional homicide in shooting of immigration attorney
WAUWATOSA 鈥?Mayfair Mall in Wauwatosa is closing four hours early Wednesday, on the same day that a decision is expected whether or not to charge suspended Wauwatosa Police Off stanley italia icer Joseph Men stanley cup nz sah in the fatal shooting of Alvin Cole.According to the mall s website, it will be open from 11-4 p.m. Wednesday. The mall is closing four hours earlier t stanley cup han when it usually does on a weekday.It was at Mayfair Mall when Mensah shot and killed 17-year-old Cole last February. Mensah s attorney argues that Cole pulled out a gun first.When responding Wauwatosa police officers ordered Cole to drop the weapon, it appears he did not. That s when Officer Mensah fired his gun several times at Cole, killing him, according to investigators.Authorities and businesses alike in the Wauwatosa area are preparing for protests over a decision. Gov. Tony Evers has activated the Wisconsin National Guard to assist local law enforcement.Report a typo or error // Submit a news tip