Inflation cools for the fourth straight month, paving the way for interest rate cuts
![Inflation cools for the fourth straight month, paving the way for interest rate cuts](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/07/AP24192566855547.jpg)
The latest inflation readings will likely help convince the Fed’s policymakers that inflation is returning to its 2% target.
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.