From CNN: 2024-06-11 10:26:00

Wall Street is anticipating both an inflation report and a Federal Reserve announcement on Wednesday. Investors will be looking at the May Consumer Price Index report prior to the Fed’s policy update. Although the stock market is not expected to swing widely, the decisions made by the Fed will be influenced by the CPI data. Consumer spending was weaker than initially reported, leading big-box retailers to cut prices. The economy added 272,000 jobs in May, causing Wall Street to adjust its expectations for rate cuts this year to one or two. Meanwhile, Americans are feeling positive about their finances, the stock market, and declining inflation.

Microsoft and Google are teaming up to offer cybersecurity services to rural hospitals in the US. These hospitals are vulnerable to cyberattacks due to a lack of IT security resources and trained staff. Microsoft will provide free security updates, assessments, and training, while Google will offer cybersecurity advice and match services to hospital needs. Ransomware attacks can put patients’ lives at risk if hospitals are unable to accept ambulances. The initiative aims to enhance cybersecurity in the health care sector and protect rural hospitals from cyber threats.



Read more at CNN: A massive day for the US economy is coming: What to watch