The world of credit market professionals was rocked last week, even those in the Home for Old Traders, by release of the Federal Reserve’s minutes from its April 27 meeting. A few civilians got a glimmer in minor changes in mortgage quotes, but even in global currency and stock markets the Fed-shock passed quickly.
- The Federal Reserve released minutes from its April 27 meeting, which indicated that current economic growth is unsustainable and hinted toward a rate hike in June.
- However, with current global economic instability, it's unclear whether the Fed will raise rates in June.
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