The Federal Reserve is expected to raise its benchmark rate on Wednesday, which would mark the tenth rate increase since last year.
Recent shocks in the banking sector have caused the Fed to take a wait-and-see approach, with many market observers expecting the likely quarter-point hike on Wednesday to be it for a while.
Treasury Secretary Janet Yellen warned that the U.S. could run out of money to pay its bills as early as June 1, adding more pressure to the debt ceiling fight in Washington.
President Joe Biden and House Speaker Kevin McCarthy have been at odds over raising the debt limit, with McCarthy seeking large spending cuts in exchange for raising the limit into next year.
Pfizer reported better-than-expected profit and revenue on Tuesday, despite a nearly 30% decline in its top line since last year,
Hollywood writers for movies and TV are going on strike on Tuesday after failing to reach an eleventh-hour deal with the Alliance of Motion Picture and Television Producers
Uber shares jumped in the premarket session on Tuesday after the ride-hailing company posted better revenue than expected and reported a narrower loss than feared