 The S&P is up 14%, the Dow 3.6%. A closely watched report on inflation shows that it cooled in May to its lowest level in three years. Traders who monitor the Federal Reserve say now there's about a 60% chance the central bank will cut interest rates in September. Dan Ronan, WTOP News. WTOP News time, now 3.41. Glad you're with us this early morning on your Saturday.