1.   Fed officials in July lowered bank borrowing costs for the first time in almost three years, citing a receding inflation threat.

2.   In making its first interest rate cut in almost three years, the Fed cited a receding inflation threat.

3.   Receding inflation should lead to lower interest rates, do Carmo said.

4.   The central bank cut interest rates for the first time in almost three years in July, citing a receding inflation threat.

5.   The Fed cited a receding inflation threat as one of the reasons it cut interest rates three times since July.