The Fed, Mr. Collins said, would not rule out easing in December. The economy is in very good shape. Modest easing is appropriate at the right time. There is no evidence of new price pressures. Tariffs could be a driver of inflation.
Traders upped their bets on ECB easing, putting the probability of a 25 basis point rate cut in October at 60%.
Federal Reserve meeting notes: Many participants noted that easing policy too late or too little could unduly weaken economic activity or employment.
Fed Mester: At some point we will start easing policy. We don't have to rush to ease policy.