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All eyes will be on the Federal Reserve this week. Expectations are that the Federal Open Market Committee will not take action yet lay the groundwork for lower rates in the meetings to follow, possibly in July or September. Certainly, the bond market has led the way lower, raising expectations that the Fed will follow. Futures indicate just an 18 percent chance of a rate cut this week, but those odds rise to 70 percent in July and 85 percent in September. But it would seem that the Fed can afford to be deliberative. While the latest reports on jobs, the Consumer Price Index (CPI) and consumer sentiment support the case for lower rates, retail sales rebounded in May and the April increase was revised higher. In addition, industrial production exceeded expectations.

MINNEAPOLIS – June 13, 2019 – On June 14, more than 3,500 Ameriprise (NYSE: AMP) employees, advisors and clients will come together to provide food and other necessities for families and individuals in need. The volunteers will sort, prepare and serve meals at more than 220 company-sponsored events in a coordinated effort to help the 40 million people in America, including nearly 12 million children and five million seniors, who struggle with hunger.