NewsWare’s Trade Talk: Wednesday, June 18

S&P Futures are essentially flat this morning with economic data in focus. This morning the weekly Jobless Claims are due out and this afternoon there is a Fed announcement on monetary policy. The update to the Dot Plot data could spark some volatility. The G7 meeting wrapped up yesterday with no trade deal news. The July 9th deadline for trade deals is weeks away and so far no deals have been announced. Israel targeted weapons and nuclear sites in Iran overnight as the conflict entered its sixth day and the U.S. is said to be considering joining Isreal in its offensive. Iran's leader is scheduled to give a speech today. The Senate yesterday passed the Genius Act to regulate cryptocurrencies. On the earnings front, LZB is lower after its earnings report. KR, ACN, DRI & KMX are scheduled to report Friday morning.