Chicago Fed President Charles Evans suggested that a suspected September rate hike might not happen. He said it "remains to be seen" how many increases the FOMC will implement in 2017.

"The current environment supports very gradual rate hikes and slow preset reductions in our balance sheet," Evans reportedly said in a speech at New York University Monday night.

Evans also expressed concerns that soft inflation reports aren't high enough on the Fed's radar. There are downside risks to the "sanguine" outlook of many of his FOMC colleagues, Evans said.

Bond traders have increased wagers that the FOMC won't raise rates in September and will instead wait until the last policy meeting of the year in December to reconsider, Brean Capital Analyst Russ Certo said.

What's Hot On TheStreet

Amazon has some work to do with Whole Foods: Organic grocer Whole Foods (WFM) needs Amazon's (AMZN) - Get Report tech know-how, and it needs it very quickly to slash prices.

TheStreet's Lindsay Rittenhousewent shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT) - Get Report and rival grocer Kroger (KR) - Get Report . While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.

The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.

With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.

Tesla's stock is out of control: Tesla Inc. (TSLA) - Get Report shares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.

Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F) - Get Report market clocks in at $44.7 billion, while General Motors (GM) - Get Report stands at $51.9 billion.

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