WEDNESDAY 6/14/17; London Tower Burns; China Economic Data; Flag Day; Washington, DC, Shooting Incident; Germany’s DAX Record High; CPI (Consumer Price Index); Retail Sales; INDU (Dow Industrials) and NYA (NYSE Composite) All-Time Highs; Business Inventories; Oil Collapses -4%; US 10-Year Treasury Note Yield Prints 7-Month Low at 2.10; US Yield Curve Flattens with 2-10 Spread Under 80 Bips; FOMC Rate Decision, Forecasts and Chair Yellen Press Conference; JBL

Today is the all-important Federal Reserve rate decision and Chair Yellen press conference in the States. Fed Funds futures indicate a 98% chance of a hike today so it is a done deal. Investors are looking for guidance from the Fed concerning another hike this year and want to hear more details about the future plan to unwind the massive $4.5 trillion balance sheet.

[Purchase the 2017-06 chronology to enjoy June's economic and market real-time history including new all-time highs in the stock market.]

In the Washington, DC, shooting, lawmaker Scalise, the republican majority whip, remains in critical condition due to a bullet in his hip. Six people were hospitalized from the incident. Four were shot including Representative Steve Scalise, a Capitol Police officer, a lobbyist and a congressional staffer. Scalise is the most seriously injured. The shooter, James Hodgkinson of Illinois, dies after the incident shot by Capitol Police.