Updated June 12, 2022 3:58 pm ET / Original June 12, 2022 3:00 pm ET
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It will be a quiet week on the earnings calendar between earnings seasons. The most important event of the week for investors will be the conclusion of the Federal Reserve’s interest rate-setting committee’s June meeting on Wednesday.
The Federal Open Market Committee will issue a monetary policy decision after its two-day meeting ends on Wednesday. Chairman Jerome Powell will present and answer questions from the press that afternoon. The FOMC is all but guaranteed to raise its Fed Funds target by half a percentage point,…