Falling inflation clears the best way for the Federal Reserve to start cutting rates of interest next week — probably by a quarter percentage level. U.S. consumer costs increased modestly in August, persevering with a pattern of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the latest Business News knowledge from the Bureau of Labor Statistics, the Consumer Price Index rose by zero.2% for the month, according to expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a significant retreat from the inflation peak …