It's a sparse calendar today, Musalem the highlight. He has taken a hawkish stance heading into mid-2026. In late May, he warned a rate hike may be necessary if inflation does not ease in the next six months, adding that "if we don't see disinflation in the next one to two quarters, that would concern me." With inflation still running hot, he's positioned among the Fed's more hawkish voices. This article was written by Eamonn Sheridan at investinglive.com.