Investors weigh recession risk amid Fed's interest rate plans and banking crisis warnings.

Stock futures rose slightly as investors weighed recession risk following the latest meeting minutes from the Federal Reserve. Delta Air Lines shares soared nearly 5% in the premarket after the airline forecast revenue growth and profits for the second quarter that topped analysts' estimates. Ether rose more than 4% to $1,992.46 as traders moved past surrounding uncertainty over the long-awaited Shanghai update. Deutsche Bank downgraded First Solar to hold from buy, noting the stock is expensive after rallying 38% year to date. Traders are digesting the latest reading of the consumer price index, but another inflation reading will be due Thursday morning: the producer price index.
- Stock futures rise as investors mull over recession risk: Live updates CNBC
- Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession The Wall Street Journal
- FOMC Minutes Say Additional Hikes 'Appropriate': US Banking System Is Sound, Tighter Credit Conditions Are Ahead, In Fed's View - SPDR S&P 500 (ARCA:SPY) Benzinga
- Fed expects banking crisis to cause a recession this year, minutes show CNBC
- Stocks dip after inflation data, Fed economists’ warning Honolulu Star-Advertiser
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