Stocks Higher, Fed Decision, Chips, Oil, Bitcoin-5 Things To Know

Here are five things you must know for Wednesday, June 15:

1. — Stock Futures Higher As Fed Rate Bets Accelerate

US equity future moved higher Wednesday, following on from a session which consolidated a bear market for the S&P 500, investors looked to perhaps the most important Federal Reserve rate decision in more than a decade late in the session.

Surging inflation, record-high gas prices, rising jobless claims data and a slowing domestic economy will all likely weigh on the Fed’s rate decision, scheduled for 2:00 pm Eastern time, traders brace for a potential shock to the central bank’s communicated desire for a series of modest 50 basis point rate increases.

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