According to Mars Finance, Chicago Fed President Goolsbee said he wasn't confident tariffs wouldn't drive up inflation, nor did he believe the US labor market was deteriorating. He left the door open to a shift in stance before the Fed's September 16-17 policy meeting, stating that if the job market deteriorated significantly, a rate cut would be necessary. He emphasized that he needed to see several consecutive months of positive inflation data to support a rate cut. Currently, there are only two months of moderate data, and the latest CPI data shows an increase in services inflation.