 Okay, Lee just handed this to me. Inflation falls 0.1%. Oh, wow. In June from prior month, helping case for lower rates. The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year. The Consumer Price Index, a broad measure of cost for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate at 3% around its lowest level in more than three years, according to the Labor Department. Now, here's the thing.