Fed still has a keen sense that hikes are required this year

Posted on June 7th, 2016

The rates and FX market is little changed after the Fed Chair Yellen speech that tended to confirm market expectations that the weak April/May payrolls data has dealt the summer rate hike a knock-out blow.  A July hike is possible but only in the unlikely event that payrolls rebounds strongly in the 8-July report.  The Fed has […]