To avoid a financial crisis in the United States the government passed legislation to leave the U.S. debt ceiling uncapped for two years avoiding a financial government default. However, the fallout from the U.S.

The Federal Reserve will begin its Federal Open Market Committee (FOMC) meeting exactly one week from today on Tuesday, June 13th.

Market sentiment regarding the next step of the Federal Reserve has been changing as statements by Federal Reserve officials and reports are released. The sentiment had been predominantly in favor of a pause in interest rate hikes.