The Fed begins its two-day meeting Tuesday as worries about a Brexit seep deeper into market psyche. Fed watchers do not expect any action from the Federal Open Market Committee, but the central bank could tweak its view on the economy or make changes to its interest rate forecast, when it releases its statement and economic forecasts Wednesday afternoon.
US economic reports Tuesday include the important May retail sales report, expected to to show sales up 0.3 percent, and import prices, both at 8:30 a.m. EDT.
Business inventories are released at 10 a.m. and NFIB small business sentiment is out at 6 a.m. Less than two weeks ago, Fed watchers had seen a chance for a rate hike at this meeting, but the 38,000 nonfarm payrolls in the May jobs report were about 100,000 below some of the lowest forecasts.
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US economic reports Tuesday include the important May retail sales report, expected to to show sales up 0.3 percent, and import prices, both at 8:30 a.m. EDT. 
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