June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.14% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.
U.S. President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet in Washington later today for another round of talks on raising the debt ceiling following a “productive” call between the two leaders over the weekend. U.S. Treasury Secretary Janet Yellen said Sunday that June 1st remains a “hard deadline” for lifting the government’s debt ceiling.
