The three major U.S. stock indexes all fell, and Chinese ADRs and European markets also generally declined. Other global markets had mixed results. In the Middle East, Trump met with the national security team, raising concerns in the market about possible U.S. military intervention and escalating tensions. The U.S. released retail sales data for May. Nick Timiraos published an article titled "Fed Watch" discussing "Inflation Slows, Why Isn’t the Fed Cutting Rates?" providing insights ahead of the June Federal Open Market Committee (FOMC) meeting. The Bank of Japan maintained interest rates as expected and outlined plans to slow down bond purchases at the start of the next fiscal year. Bloomberg reported that the EU has canceled high-level economic dialogues with China.