The Fed’s two-day meeting begins Tuesday, with their Monetary Policy Statement and press conference coming Wednesday afternoon. Members will most certainly dissect the inflation data that will be reported Wednesday morning when May’s Consumer Price Index is released. An update on wholesale inflation via the Producer Price Index follows on Thursday.
Also of note, look for news on small business optimism from the NFIB on Tuesday and the latest Jobless Claims on Thursday. Investors will also be closely watching Tuesday’s 10-year Note and Thursday’s 30-year Bond auctions for the level of demand.