AP Economics Writer WASHINGTON (AP) — Inflation in the United States may have hit a three-year low in August, underscoring that the rate of price increases is falling back to pre-pandemic levels and clearing the way for the Federal Reserve to start cutting its key interest rate next week. Year-over-year inflation is thought to have slowed to 2.6% last month. That would be the lowest such rate since March 2021. And excluding volatile food and energy prices, core inflation is believed to have remained unchanged at 3.2%. Inflation peaked at 9.1% in June 2022 — a four-decade high — as the economy rebounded from the pandemic recession with unexpected speed and strength. The post US inflation
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