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Fed May Not Be Done Hiking Interest Rates, Missing the Debt Ceiling Deadline Will Cause Disruptions: FOMC Minutes

The minutes of the May 2-3 FOMC meeting revealed uncertainty about how much more policy tightening may be appropriate, with some FOMC participants  warning that a failure to raise the federal debt limit in a timely manner will threaten significant financial system disruptions and lead to 

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European Stocks Slip As UK Inflation Accelerates, Central Bankers Remain Hawkish

Negative news flows are trickling out of Europe ahead of Wall Street's opening bell on Wednesday. All European stock indices traded deeply in the red, as investors panicked after a fresh acceleration of inflation in the U.K. and a deadlock in U.S. debt limit discussions.

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