Good morning.
Friday in Whitewater will be partly sunny with a high of 64. Sunrise is 5:52 AM and sunset 7:52 PM for 14h 00m 24s of daytime. The moon is a waxing gibbous with 55.7% of its visible disk illuminated.
On this day in 1973, The Dark Side of the Moon by Pink Floyd, recorded in Abbey Road Studios goes to number one on the US Billboard chart, beginning a record-breaking 741-week chart run.
Jeanna Smialek reports Inflation Cooled in March, but Signs of Stubborn Price Increases Persist (‘The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, slowed in March. But signs point to staying power’):
Inflation is slowing, a fresh reading of the Federal Reserve’s preferred index showed, but costs continue to climb rapidly after stripping out volatile food and fuel — which shows that price pressures retain staying power and it could be a long road back to normal.
The Personal Consumption Expenditures index climbed by 4.2 percent in the year through March, down notably from 5.1 percent in the year through February.
But after stripping out food and fuel prices, a closely watched “core” index held nearly steady last month. That measure rose by 4.6 percent over the year, compared with 4.7 percent in the previous reading — a figure that was revised up slightly.
The data provide further evidence that inflation is moderating, but that the process remains bumpy and could take a long time to fully play out. Fed officials have raised interest rates sharply over the past year to make money more expensive to borrow and slow demand, and those moves are only slowly trickling through the economy and weighing down price increases.
Slow improvement, yet improvement nonetheless.
The Steakhouse Serving 3D Printed Vegan Meat: