 and the Derby. Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Fed Reserve. In a better-than-expected report, consumer prices declined 0.1% May to June after having remained flat the previous month, according to the Labor Department. It was the first monthly decline in overall inflation since May of 2020, when the economy was paralyzed by the pandemic.