Fed members are starting to join the ranks of rate cutters than rate holders.

Atlanta Fed President, Raphael Bostic spoke this morning and seems to be in favor of a cut sooner than later. He specifically called out the slower economic conditions and labor market.

Pending Home Sales fell 2.1% in May. We expected a gain of 1%. This is a clear response to higher rates.

Apartment List National Rent Report rose in June but still down 0.7% year over year.

Durable Goods Orders rose in May, but Core Durable Goods fell 0.6%. Far softer than the expected 0.1%.

From my perspective, the Data is coming in strong in favor of rate cuts.