In the latest Econ Recaps, OPEC+ announced a production cut, which may stimulate inflation. President Biden signed a bill suspending the debt limit, allowing the Treasury Department to issue debt. Apple's Worldwide Developers Conference will feature new releases and a mixed reality headset. Several companies will report earnings, reflecting AI adoption and changes in consumer spending. Campbell Soup, Smuckers, and NIO will present their quarterly reports. Economic data includes the ISMs Services PMI for May and the FOMC meeting on the federal funds rate. Stay tuned for more updates in tomorrow's episode.