June S&P 500 futures (ESM23) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.11% this morning as market participants awaited crucial U.S. inflation data that could influence the Federal Reserve’s monetary policy stance.
Over the weekend, U.S. Treasury Secretary Janet Yellen warned of a “constitutional crisis” if Congress does not raise the federal debt limit. Also, Yellen reiterated a warning to lawmakers that the government could pay its bills only through early June. U.S. President Joe Biden will meet with Republican and Democratic leaders at the White House on Tuesday to discuss the debt ceiling and federal spending ahead of the June 1st deadline.
