The pace of price increases slowed last month. A pedestrian carries shopping bags while walking through Union Square in San Francisco.
Mandatory Credit: Justin Sullivan/Getty Images/FILE
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The Fed’s favorite inflation measure cooled down even further in June
Another key economic report further propped up the idea that a soft landing is not only possible, but also in motion: The Federal Reserve’s preferred inflation gauge continued its deceleration in June while consumers kept the US economic engine running.
