The US economy is facing its 'two biggest issues' in one day. What to know

Wall Street bracing for Fed decision, May inflation data double header on Wednesday

Megan Henney / FOXBusiness 

 

Wall Street is bracing for a rare double-header on Wednesday, with fresh inflation data slated for release in the morning and the Federal Reserve expected to announce its interest rate decision in the afternoon. 

"It’s all about Wednesday, with the CPI report in the morning and the FOMC meeting statement in the afternoon," said David Donabedian, chief investment officer at CIBC Private Wealth U.S. "This puts the two biggest issues for the market in one day: inflation and monetary policy."

Investors will get a chance to see just how hot inflation ran in May, hours before the Fed concludes its two-day meeting and releases a fresh set of economic projections that will reveal where policymakers see interest rates headed this year.

The CPI report and the Fed's policy-setting meeting have fallen on the same day just seven times since 2014, according to Bank of America. Here's what to expect from the major events that will shed light on the status of the U.S. economy and that risk rattling stock markets.Read more and see video here: https://www.foxbusiness.com/economy/us-economy-facing-its-two-biggest-issues-one-day-what-know

Biden's Anti-Gun Speech Was a Trainwreck

Matt Vespa / Townhall Tipsheet

President Joe Biden delivered an anti-gun speech hours after his son, Hunter, was convicted on federal gun charges. It’s no shock that White House Press Secretary Karine Jean-Pierre opted not to brief the press, scurrying away like a scared wombat to avoid the obvious questions about this part of Biden’s schedule. Biden delivered this address at Everytown for Gun Safety's Gun Sense University in Washington, D.C. It was an absolute trainwreck.

The father of a gun felon delivering a speech on gun control—you can’t make that up. It was riddled with inaccuracies and overall strangeness. Biden spoke about how he convinced a Delaware fisherman to relinquish his “assault weapon.” Then, there was this jabberwocky about magazines that could carry “200 shells,” botched a Thomas Jefferson quote, spoke about teaching jobs he never had, and then trotted the lie that no one could own a cannon. The president also said that guns kill more children than car accidents or cancer and that the gun industry is the only sector protected by a legal shield–all of which are lies. Read more, see Xs and videos here.

RIGHT SIDE PATRIOTS...Podcast

If you missed last nights live broadcast where RIGHT SIDE PATRIOTS Craig Andresen and Diane Sori discussed 'The Verdict v. The Constitution'; 'Dystopian Delusions of the Liberal Mind'; the Hunter Biden guilty on all charges verdict; and the rise in anti-Israel and antisemitic protests after Israel rescued four hostages held in Gaza...listen to it and past shows at https://rspradio1.com ... go to Podcasts.