 and 2.6% from last year. The latest figures will likely be welcomed by the Fed's policymakers, who have said they need to feel confident that inflation is slowing sustainably toward their 2% target before they'd start cutting interest rates. I'm Shelley Adler. Stocks were lower on Wall Street Friday. Benchmark U.S. crude oil for August delivery fell by 20 cents a barrel. Breaking news and analysis at townhall.com.