FILE - A woman shops at a retail store in Schaumburg, Ill., Dec. 18, 2023. On Friday, June 26, 2024, the Commerce Department issues its report on consumer spending for June. (AP Photo/Nam Y. Huh, File)
FILE - The Marriner S. Eccles Federal Reserve Board Building, June 19, 2015, in Washington. Summer of 2024's cooling price data has added to the Federal Reserve's confidence that U.S. inflation is returning to the Fed's 2% target level. The Fed is considered all but certain to cut its benchmark interest rate when it meets in September. (AP Photo/Andrew Harnik, File)