Inflation slowed in June, which could prompt Federal Reserve to lower interest rates

A better-than-expected report from the Labor Department Thursday showed the U.S. economy had its first monthly decline in prices since the beginning of the pandemic. Prices fell in June, bringing the annual inflation rate down to 3%.

The Federal Reserve has aggressively raised interest rates to slow inflation, but this report may be the push it needs to change course.

We hear from Ali Velshi, MSNBC chief correspondent and host of the show “Velshi."