• As it was broadly expected, Federal Reserve officials decided to raise interest rates for the second time this year. Official interest rates were raised by 25 basis points to 1.75%-2.00%. Official interest rate forecasts were also upgraded to a total of 4 hikes in 2018.• Global stock markets remained relatively stable for a second consecutive day, with slight losses in the U.S. In sovereign bonds markets, yields declined in Europe, especially in peripheral countries.• In Spain, the Consumer Price Index increased by 2.1 percent year-on-year in May, a strong increase compared to the 1.1 percent registered in April.• Today, the Governing Council of the ECB will hold it monetary policy meeting.