 We did get some better inflation numbers for May, but they want to see a few months of better inflation numbers. That being said, I expect we will get those and we will see the Fed start to cut the Fed funds rate towards the end of this year. I'm Shelley Adler. Police say two people were killed and three others injured in Independence Day violence in the Southern California city of Huntington Beach in Orange County. More on these stories at townhall.com.