It appears the hope that a centrist candidate will win the French election is enough to trump tumbling macro-economic data, disappointing earnings, and flailing inflation in the US economy. June rate hike odds have spiked to 69% overnight (even as debt ceiling risks begin to price in... and the dollar drops)...
So The Fed gets the all-clear from the market to hike in June...
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Even as the Treasury Bill curve inverts over debt ceiling fears...
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And the Dollar is not buying it at all...
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