 Following the budget-busting inflation of the past three and a half years, Fed Chairman Jerome Powell suggesting there may be some light at the end of the tunnel. After picking up earlier this year, Powell says inflation is now slowing. However, he's also quick to add we must see more of this before interest rates can be cut. Watching Wall Street, the Dow trading a fraction of a point higher. The Nasdaq Composite Index is down 46 points and the S&P six points higher.