"Debt Ceiling Resolved, but Investors Face Lingering Concerns"

With the debt ceiling issue resolved, investors are now turning their attention to the Federal Reserve and whether it will raise interest rates at its June 14 meeting. The decision is finely balanced, with inflation still above the Fed's 2% target and the unemployment rate at a historically low 3.4%. However, consumers are cutting back on discretionary purchases, and inflation has trended lower. The economy is balanced on a knife's edge, and the Fed needs to chill out with rate hikes before it induces a recession.