US inflation believed to have slowed in June in sign of easing price pressures

WASHINGTON- U.S. inflation is expected to post its lowest level in more than two years in a highly anticipated report being released Wednesday— a slowdown that, if sustained, could lead the Federal Reserve to halt its interest rate hikes later this year. A figure that low would mark the mildest year-over-year increase since March 2021, when the current bout of…