Boston Fed President and 2028 FOMC voting member Collins to speak in 10 minutes.

White House National Economic Council director Hassett expects a strong year-end income effect.

Business leaders told the chancellor firms’ ability to hire more young workers will depend on the scale of tax increases in the Oct. 28 budget, according to people familiar with the discussions. The prime minister and the chancellor met business leaders on Tuesday; firms have lobbied to avoid further tax rises after recent budgets raised the tax burden. The chancellor held a breakfast with retail, hospitality and leisure executives, including Amazon UK head John Boumphrey, British Retail Consortium chief Helen Dickinson and UKHospitality CEO Allen Simpson, focusing on youth unemployment and measures to get 16–24-year-olds back into work. Businesses also raised concerns about business rates. Nearly 1.0 mln 16–24-year-olds are unemployed, with youth unemployment at its highest level since 2014.