US equity futures fall slightly from an all-time high as traders cut risk ahead of the US inflation data. Fed Governor Christopher Waller says he would support a 25 basis-point reduction in September and anticipates additional cuts over the next three to six months. A federal court will hold a hearing over President Trump's move to fire Fed Governor Lisa Cook. Aneeka Gupta of WisdomTree and George Goncalves of MUFG discuss the Fed's path forward in monetary policy. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)