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as samira hussain reports from new york. the headline in these latest inflation numbers as the cost of living in the united states is headed in the right direction. inflation rose 3% in the month ofjune, down a full percentage point from a month earlier. it has fallen pretty sharply from its peak of more than 9% forjune of last year. it is a sign the federal reserve s moves to raise interest rates to slow down inflation seems to be working. analysts are still thinking the american central bank will raise interest rates one more time at the next meeting. the caller inflation is good news for consumers, also good news for consumers, also good news for the us presidentjoe biden who touted the administration s efforts to bring prices down. he is facing re election next year and being to control inflation without pushing the economy into a recession, will be key if you want another four years in the white house. if he wants. years in the white house. if he wante years in the ....
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