U.S. inflation slowed again in July, clearing way for interest rate cut

ELISE LACROIX, owner of Stop & Go in Brattleboro, Vt., changes the oil on a vehicle at her shop. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. /ASSOCIATED PRESS/ KRISTOPHER RADDER

WASHINGTON (AP) – Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.  Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from

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