The Fed is going to raise rates in June. The labor market is rolling, the economy is humming along, and inflation is stable — excluding the decline in gas prices, which Fed chair Janet Yellen has called transitory. On Thursday morning, the latest report on initial jobless claims showed claims totaled 282,000 last week. It was fewer than expected, but still another solid print from our most frequent pulse on the labor market. Following the initial claims figure, the latest flash services PMI number from Markit Economics was a beat, with a reading of 58.6 against expectations for 57.0. (Any reading below 50 indicates ... (full story)