The inflation surge looks to be mostly over, putting Fed rate cuts in play AxiosDow surges more than 600 points as the stock market gears up for rate cuts CNNFed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut CNBCCalm inflation reading keeps the door open at Fed for September rate cut Yahoo FinanceFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds Up Bloomberg