Economic data on Monday will include wholesale inventories, which are expected to rise slightly, and inflation expectations, which are forecast to fall from 4.7% to 4.5%.nearer. Treasury Secretary Janet Yellen warned last week that a default, if no compromise is found, could happen as early as June 1.
President Joe Biden and House Speaker Kevin McCarthy will meet on Tuesday to discuss a solution to the growing threat of the U.S. defaulting on its debt.At noon, New York Federal Reserve President John Williams will speak at the Economic Club of New York. His comments will be closely watched for any views on the current health of the U.S. banking system.
Elsewhere, Perrigo’s first of its kind over-the-counter birth control pill will be reviewed by the FDA for approval on Tuesday and Wednesday.
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