 Consumer prices continued to cool off in June, possibly clearing the way for an interest rate cut from the Federal Reserve later this summer. Overall, inflation eased to 3% last month compared to a year ago. That's still above the Fed's 2% target, but a big improvement from the 9% peak two years ago. On a monthly basis, the cost of living fell 0.1%. It's welcome news for the Fed and its fight against high inflation.