Fed’s Kashkari (2026 voter) said it is too early to predict the timing of the next Fed action when asked about market pricing for an October rate hike

MANDATESUS inflation risk is currently higher than labour-market deterioration risk, though both must be monitored.DATAUS data since his April dissent show inflation risks rising, not falling.BOND MARKETSGlobal inflation concerns are weighing on bond markets.MIDDLE EASTInflation shockwave from the Middle East war may continue to spread globally.