The Fed now also sees the "core" PCE inflation hitting 3.1% in 2025 up from a prior forecast of 2.8%. As we often note, most of the stock swings on Fed days typically comes after Federal Reserve chair Jerome Powell's press conference starts at 2:30 p.

Most stock markets in the Gulf ended lower on Wednesday with investors exercising restraint due to fighting between Iran and Israel that entered a sixth day, sparking fears of potential regional instability.

Juneteenth, which is short for “June Nineteenth”, is a federal holiday that celebrates the end of slavery in the United States. That means the stock market and banks are closed. Also known as “Freedom Day” or “Emancipation Day,

The stock market will reopen on Friday, June 20, because it follows the federal government’s holiday schedule rather than the schedule of individual states, like New Jersey, that celebrate the day after. Our journalism needs your support. Please subscribe today to NJ.com.