Opening Bell: Futures Recover After S&P 500 Enters Bear Market; Bitcoin Collapses
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| 📚 Daily Digest | Tuesday, Jun 14, 2022 | | |  | | | | Fed Meeting, U.S. PPI, Crypto Pressure - What's Moving Markets | | |  | | © Reuters. | | The Federal Reserve starts a two-day meeting with markets in disarray, scrambling to price in a 75-basis point hike in key interest rates. The dollar's advance against the yen and euro stops after a rare admission of concern from Japan's finance minister and more jawboning from an ECB hawk. U.S. PPI data for May could change that in the near term. Crypto remains under pressure in the wake of the Celsius Network collapse. OPEC releases its monthly oil market report. Oracle surprises to the upside with its quarterly earnings. Here's what you need to know in financial markets on Tuesday, June 14. | | | | | | | | | | Today's Top News | | Economic Indicators | | U.S. PPI Edged Down to 10.8% in May | | U.S. producer prices rose by less than expected in May, but the fall in pipeline inflation pressures was barely enough to longer-term worries... | | | | | | | | | | | | | | | | | | | | |
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