Market Outlook: Debt Ceiling and Fed Meeting Weigh on Futures.

The Federal Reserve begins its two-day meeting, with a quarter-point hike expected on Wednesday. The US could run out of money to pay its bills as early as June 1 due to the debt ceiling fight in Washington. Pfizer reported better-than-expected profit and revenue, despite a decline in Covid product sales. Hollywood writers for movies and TV are going on strike, seeking higher pay at a time when studios are cutting back on spending. Uber shares jumped after the ride-hailing company posted better revenue and a narrower loss than feared.