Fed’s key inflation measure cooled slightly from a year ago, setting stage for rate cut
![](https://empirestocktrader.com/wp-content/uploads/2024/07/240726-grocery-store-brooklyn-mn-0900-921c97-800x533-fAsXyJ.jpeg)
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.…