Uncertainty Looms Over Fed's June Rate Hike Decision

Wall Street is betting that the Federal Reserve will pause on raising interest rates at its next meeting in June, despite a recent rebound in retail spending and a decline in jobless claims. Experts agree that the Fed is unlikely to raise rates absent a big surprise in the remaining data, but the decision isn't set in stone. The Fed will likely monitor the debt ceiling, evolving financial conditions, and the delayed impact of its previous interest rate hikes before making a decision.