Good morning.
Thursday in Whitewater will be partly sunny with a high of 81. Sunrise is 5:27 and sunset 8:33 for 15h 05m 14s of daytime. The moon is a waxing crescent with 28.2 percent of its visible disk illuminated.
On this day in 1796, the United States takes possession of Detroit from Great Britain under terms of the Jay Treaty.
On this day in 1839, the first patent is issued to a Wisconsin resident:
Ebenezar G. Whiting of Racine was issued patent #1232 for his improved plow, the first patent issued to someone from Wisconsin. Whiting’s improvements consisted of making the mold-board straight and flat which, when united in the center with the curvilinear part of the mold-board, would require less power to drag through the dirt. Whiting went on to serve as Vice President of the J.I. Case Plow Company and received another patent for a steel plow in 1876.
Christopher Rugaber reports US inflation cools again, potentially paving way for Fed to cut interest rates soon:
WASHINGTON (AP) — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.
In a better-than-expected report, consumer prices declined 0.1% from May to June after having remained flat the previous month, the Labor Department said Thursday. It was the first monthly decline in overall inflation since May 2020, when the economy was paralyzed by the pandemic.
And measured from one year earlier, prices were up 3% in June, cooler than the 3.3% annual rate in May.
The latest inflation readings will likely help convince the Fed’s policymakers that inflation is returning to its 2% target. A brief pickup in inflation early this year had caused the officials to scale back their expectations for interest rate cuts. The policymakers said they would need to see several months of mild price increases to feel confident enough enough to cut their key rate from its 23-year high.
Whitewater has a chance to make gains in her community during these improving economic conditions. Yesteryear offers no answers for the city, save what not to do this time.
Closest massive black hole to Earth may be in Omega Centauri, Hubble finds: