The optimism on Wall Street that marked the end of last week has all but gone on fading hopes that the Fed might ease its stance on inflation. While stocks responded positively to data suggesting cooling inflation and leading to hopes that the Fed would slow its pace of rate hikes, robust economic data have raised concerns that Fed will continue increasing rates for some time.
Fed officials have been prompt with their rebuttal to such suggestions, prompting fears that it might be long before interest hikes start easing.
