Investors Brace for Fed's Next Move Amid Uncertainty.

According to the Bank of America Fund Managers survey, 59% of investors believe the Federal Reserve is not done hiking interest rates, a significant increase from May's 39%. While markets have priced in a pause in interest rate hikes for June, investors will be listening to Federal Reserve Chairman Jerome Powell's commentary to see if another hike is coming in July. Despite May's inflation report showing improvement, headline inflation remains at 4%, well above the Fed's 2% goal, and core inflation climbed 5.3% in May compared to last year.