The Federal Reserve is widely expected to raise interest rates today, a policy move that may further squeeze the difference between short and long Treasury yields. If the already narrow rate spread continues to tighten, the ongoing slide will raise new questions about the outlook for the US economy, at least in the eyes of some economists and investors.
Continue reading →

Key takeaways from Trump-Kim summit: The Hill
N. Korean media highlights US concession on war games: Reuters
Eurozone industrial output fell in Apr, ahead of ECB meeting: WSJ
Saudi-led forces unleash new assault in Yemen: Time
Federal Reserve expected to raise interest rates today: Yahoo Finance
Key questions that may come up in today’s Fed press conference: MW
Federal judge OKs AT&T deal to buy Time Warner: Bloomberg
Small business optimism index in US rose to 34-year high in May: Bloomberg
US consumer price inflation in May rose at fastest pace in 6 years: MW