 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. It's 11.12 here on WTOP. Next, for a lot of us, it's a morning ritual or whenever you get up to start your day.