#FederalOpenMarketCommittee

The stock market is ripe for profit-taking in early June due to investors crowding into equities and rising inflation risks, according to Bank of America Corp. strategists.

Goldman Sachs said it pushed back expectations for the US Federal Reserve’s next two rate cuts by one quarter to December 2026 and March 2027 as inflation proves stickier than anticipated.

On today’s Big Take podcast, Boston Fed President Susan Collins on recent FOMC dissent, Kevin Warsh’s nomination and where interest rates could land in 2026.

Traders in the US Treasury market are turning their focus to this week’s Federal Reserve meeting to gauge how officials are assessing the outlook for inflation as tensions in the Middle East keep oil prices elevated.

Treasuries gained for the first time in a week after the Justice Department dropped its investigation into the Federal Reserve, potentially opening a path for President Donald Trump’s pick Kevin Warsh to become Fed chair and push for interest-rate cuts.