Photo: Customers at a market in Seattle, Washington. Photographer: SeongJoon Cho/Bloomberg. Customers at a market in Seattle, Washington. Photographer: SeongJoon Cho/Bloomberg.

U.S. inflation cooled broadly in June, to the slowest pace since 2021, on the back of a long-awaited slowdown in housing costs, sending the strongest signal yet that the Federal Reserve can cut interest rates soon.

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