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Fed decision, May CPI, Broadcom earnings: What to Watch

Yahoo Finance's Julie Hyman and Josh Lipton break down the biggest stories investors should watch for on Wednesday, June 12.

The Federal Reserve will announce its latest interest rate decision as well as release an updated dot plot. Fed Chair Jerome Powell will hold a news conference at 2:30 p.m. ET to give an update on the state of inflation and the health of the economy.

May's Consumer Price Index (CPI) will be released ahead of the Fed decision, at 8:30 a.m. ET.

Broadcom (AVGO), Dave & Buster's (PLAY), and Aurora Cannabis (ACB) are all expected to report earnings.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

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This post was written by Melanie Riehl

Video transcript

Time now for to watch Wednesday, June 12th, starting off with the fed, the FO MC began its June meeting today.

Decision is coming in the afternoon while no rate cut is expected, we will be getting an updated dot plot fed chair, Jerome Pao will hold a news conference at 230 pm.

Eastern Yahoo finance covers will begin just before that two pm Eastern tomorrow and just hours ahead of the decision will be getting the latest look at inflation.

The CP I print for me that the consumer price index will be coming out at 8:30 a.m. Eastern economist forecasting core CP I will hold steady at 0.3%.

Well, overall CP I could drop to 0.1%.

And on the we're going to get reporting from Broadcom, Dave and Busters and Aurora Cannabis Broadcom announcing second quarter results after the close analysts expecting an in line second quarter from the chip maker on the back of A I.

But for weakness in its non A I segments to offset some of those games.