Fed's rate could see a hike in June!
Chicago Fed President Charles Evans said in the Swedish capital on Monday, The Federal Reserve could look at a rate hike in June if the economy is strong enough.
Evans, who in his discourse contended for rates to begin ascending in mid 2016, told columnists if the FOMC had certainty that inflation was going to climb and that first quarter economic softness was impermanent, "you could imagine a case being made for a rate increase in June".
"I think we are going to go meeting-by-meeting to make that decision," Evans said.
Also let's remember, "The Federal Reserve is getting close to the appropriate time to raise interest rates and all scheduled policy meetings, including one in June, are "on the table" for a move", a top Fed official said at end of April.
The Fed's meets next on June 16-17.
DOW and DAX Trading Positions Ideas
The trading ideas/positions including both scenarios will be posted right here on the 1st week of June, before the FED's announcement.