 I do believe we are getting closer to the time when a cut in the policy rate is warranted. Fed Governor Christopher Waller's comments echo those of other policymakers who are broadly optimistic about inflation, but waiting for more positive data in the coming weeks. Care rates are in focus overseas as well. We're waiting for a decision from the European Central Bank this morning. Bloomberg's Lizzie Burden says a cut today probably isn't going to happen, but ECB President Christine Lagarde could hint at a move in September.