 This is a Bloomberg Money Minute. The cost of living was tamer last month in the already hopeful expectations of economists in a Bloomberg survey. Boosting the case for a Fed Reserve interest rate cut in September, the Core Consumer Price Index, with food and energy costs taken out, which economists see as a better indicator of underlying inflation, rose a tenth of a point from May. That is the smallest advance since August 2021. On an annual basis, the Core CPI rose 3.3%, also the slowest pace in more than three years.