Inflation cooled in June, according to Labor Department data. Compared to the +9.1% inflation rate in the 12 months through June 30, the consumer price index (CPI) in the 12 months through July 31 increased by +8.5%. The Standard Poor’s 500 rallied +2.1%. However, just because inflation cooled in July and may even have peaked does not mean the worst of the financial economic turbulence is behind us. For long-term retirement investors and ..