Well-choreographed brinkmanship over the debt ceiling standoff looks set to go down to the wire, while technology firms have once again become a battleground in tense geopolitics.
As AI-fueled U.S. technology stocks have led the way this year, the S&P (.SPX) has gained almost 10% this year and hit its highest level in nine months on Friday.
Minneapolis Fed chief Neel Kashkari said on Sunday he could support holding rates steady at the next meeting.
Futures markets see more than an 80% chance of a June pause and still price almost 50bp of cuts by yearend.
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