Fed's Cook (voter) says supported holding rates steady at last FOMC meeting while waiting for more data

Sour consumer mood tied to a number of factors including high inflation
Job market has been resilient
It may yet turn out that the Fed does not need to raise rates
So far AI hasn’t created notable job losses
There are reasons to believe inflation levels can cool
Economy resilient and growth at ‘solid pace’
Fed running out of room to wait for disinflation to return
Inflation risks outweigh job market risks
Firmly committed to restoring price stability
Risk rising that too high inflation will become embedded in economy
Q2 gross margin of 83% includes about 1,050 basis points benefit from IE EPA tariff refunds
Ready to raise rates if disinflation trend does not return