The Midnight Sun - Pt 3 - Go?

Moving West from Part 2... That's the signpost up ahead: Slowing economic conditions coupled with a rising dollar, excess oil reserves, increased oil production and decreased oil consumption cause further decline in oil prices? The dollar, Libor and credit spreads keep rising? The Fed raises in June? From JPS:

The first blush of FOMC obfuscation appears to be trending back toward "hawkishness," it seems that the [Eurodollar futures] curve is suggesting that, in contrast to March, the Fed will be raising rates.

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