Fed's Musalem: Inflation is running close to 3% - CNBC

US President Trump: Inflation Is Down To A Perfect Number; Hardly Any Inflation At All *TRUMP ON BORDER: MEXICO, CANADA DO WHAT WE TELL THEM TO DO Trump Declines Comment On Offering Rare Minerals To Putin

BESSENT ON FED: MAYBE WILL START WITH 25 BASIS POINT CUT AND ACCELERATE BESSENT: DIDN'T CALL FOR FED TO GET TO 1.5% PT. LOWER RATE US Treasury Secretary Bessent: To get to neutral, that would be about a 1.5% point cut. BESSENT: NOT CALLING FOR A SERIES OF FED RATE CUTS BESSENT: I'M POINTING OUT THAT MODELS SHOW NEUTRAL IS LOWER

Fed's Barkin: Business sentiment has picked up in some ways, but not yet on the hiring side. Fed's Barkin: Credit card and other data is providing a sense that July consumer data may be stronger. Fed’s Barkin: Unemployment Rate Has Been Remarkably Stable, With Slowing Growth In Job Gains Matched By Slowing Growth In Labour Force - Original Jobs Data ‘More Surprising’ Than Revisions