Evening briefing in Buffalo: May 29

Good evening, Buffalo. We end the day for you with the most important stories you need to know and your weather forecast.

Your weather planner

A few showers will persist in the southern level, but will dissipate by dinner time. Temperatures are below average, in the mid 60s.

Dry weather and lots of sunshine will be there from Thursday to Saturday.

Tomorrow’s forecast

Peaks : 60s The lowest: Low fifties Scattered showers

7 day forecast | Interactive radar

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The big stories of the day

1. Ongoing inflationary pressures from the pandemic keep Fed rate cuts on pause

Hopes for an interest rate cut by the Federal Reserve this year are gradually fading, with a series of recent remarks from Fed officials emphasizing their intention to keep borrowing costs high for as long as necessary to curb persistently high inflation.

2. National Grid proposes an increase in electricity and gas prices over one year

The proposal, which is expected to take tentative effect in spring 2025, would see the average monthly bill increase by $19 for electricity and $18 for gas service.

3. Labor market figures: warning or return to normal?

The economy has seen many unusual and historic aspects in recent years. Experts say the job market is only now beginning to resemble pre-pandemic conditions. What does this mean for those looking for job opportunities?

4. New affordable housing at East Buffalo’s former Public School 78

The Olympic Avenue Apartments – 46 new affordable units at the former Public School 78 in East Buffalo – are now available, Gov. Kathy Hochul announced Wednesday.

5. Biden administration distributes $900 million to school districts for electric buses

The Environmental Protection Agency announced Wednesday that 530 school districts across the country will receive nearly $900 million to replace diesel school buses with electric and natural gas buses.

6. ConocoPhillips buys Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at about $17.1 billion as energy prices rise and big oil companies reap massive profits.

Your grades for tomorrow

• Weekly Unemployment Claims Report To Be Released
• Leading Economic Indicators report to be released
• Scripps Spelling Bee National Finals

In case you missed it

St. Joseph Cathedral in downtown Buffalo. (Spectrum News 1)

Buffalo Gay Men’s Chorus bounces back after diocese cancels performance

The Buffalo Gay Men’s Chorus will still perform at the Summer Choir Festival after its cancellation by the Diocese of Buffalo, which cited the group’s “values ​​which are incompatible with Catholic teaching.”

The festival, organized by the Greater Buffalo Friends of Music, is no longer held at St. Joseph Cathedral. Instead, it will be held at Holy Trinity Lutheran Church on Main Street on June 9 at 4 p.m.