San Francisco Fed President Daly stated in her latest speech that there are signs of weakening in the current labor market, and no long-term inflationary pressures due to tariffs have been found, indicating that the "timing for a rate cut is not far off." She believes that each FOMC meeting should be viewed as an opportunity to adjust monetary policy, and two rate cuts within the year is a reasonable plan. Of course, she does not rule out the possibility of needing "more" actions if the economy accelerates its weakening. $ENA