FOMC minutes show rate rise in June is on the table as rate hike odds lift sharply off lows. This is of course date dependent. I will believe it when I see it.
Precious metals and bonds where battered on the announcement. I knew there would have to be a catalyst to stop the breakout of gold above the key resistance. There we have it.
$SPX v $TNX Mth This correlation needs to re-couple at some point. How the Fed does this without crashing the market is what everyone is wondering.
See this WSJ article
Federal Reserve officials said an interest-rate increase in June was possible if incoming data showed an improving economy and sought to push back against market expectations that such a move was unlikely, minutes from the Fed’s April meeting show.