Core Insights - U.S. business activity showed slower expansion in a month when the Federal Reserve decided to cut interest rates [1] - There are indications that inflation fears may be alleviated due to a deceleration in firms' selling prices [1] Summary by Categories Business Activity - The pace of expansion in U.S. business activity has decreased compared to previous months [1] Federal Reserve Actions - The Federal Reserve's decision to cut interest rates coincided with the slower expansion of business activity [1] Inflation Indicators - Signs of deceleration in firms' selling prices suggest a potential cooling of inflation fears [1]