• 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.

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.

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