**__ Diplomatt’s Daily Digest – June 15, 2022__**
Good morning and happy Wednesday, everyone! Everyone will be watching the fed and see how the markets react. Stock futures rose in early morning trading as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation with the rate-setting Federal Open Market Committee will conclude its two-day meeting today. The shift to price in a larger-than-usual rate hike came after headlines that Fed officials were contemplating such a move following a surprisingly hot inflation reading as well as worsening economic outlook. Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. ET following the central bank’s policy decision.
Quote of the week: “The best revenge is not to be like your enemy.” – Marcus Aurelius