"It is clear that the Fed is ready to move again soon. And if expectations of a June hike continue to build, the Fed may well take the opportunity to take another step towards normalization next month without fear of surprising the markets," Alex Holmes, economist at Capital Economics, said in a report on Friday.
Eric Rosengren, the president of the Federal Reserve Bank of Boston, told the Financial Times newspaper over the weekend the U.S. was on the verge of meeting most economic conditions for an interest rate hike.
On Friday, the Dow Jones industrial average posted its first four-week losing streak since 2014.
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