Fed officials signal imminent interest rate cut amid trade tensions and slowing global growth.

Fed officials signal interest rate cut may be imminent amid trade tensions and slowing global growth. In an interview, Fed's Collins said "soon is appropriate to begin cutting rates". However, a gradual and methodical pace of cuts, likely at 25 basis points, is expected once the Fed is in a different policy stance. The labor market remains healthy, but preserving it is a top priority for the Fed.