US labor market is solid. Not signaling weakness suggests slowing. Inflation could be a one off and not materialize, or a small impact.Could look to begin adjust rates in autumn, and has been her view for some timeThe fall looks promising for a rate cut.Tariffs will boost inflation but it should dissipateBusinesses are cautiously optimisticVery focused on getting inflation back down to 2%The Fed is debating with the doves calling for a July cut as a possibility. Daly does not fall in that camp.The rate decision in July is not until July 30. That gives time from the CPI and PPI which will be released on the 15th and 16th of July.The most recent PCE data will be released tomorrow in the US. The next PCE data will not be released until AFTER the July 30 decision on July 31. However, the models are fairly good at estimating the data from the CPI and the PPI data. Tomorrow PCE is expected to show a modest 0.1% increase MoM and 2.6% YoY. This article was written by Greg Michalowski at www.forexlive.com.