Inflation Dipped Last Month

“The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year,” CNBC reports.

Wall Street Journal: “Heading into Thursday, there have been strong signs that the economy has cooled—not enough to stir major fears of a recession but sufficient to spur a change of tone from Federal Reserve officials, who have increasingly talked about the risks of the economy slowing down too much even as inflation remains above their 2% target.”