The Next Rate Hike

Just three weeks ago, it appeared that The Fed's rate hike cycle was complete and the odds of another hike in June were at 0%. Today, those odds are greater than 50% and the impact has been frustrating for all of us in the precious metals and mining shares.

The actual odds are now 57%, which is up from about 45% just yesterday. See below in this tweet from DDB:

A 57% probability of a June 14th subsequent ⁦ @federalreserve ⁩ 25 bps hike.

ERC $...

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Key Economic Events Week of 6/24

6/24 8:30 ET Goon Ghoulsbee
6/24 2:00 ET Goon Daly
6/25 7:00 ET Goon Bowman
6/25 9:00 ET Case-Shiller home prices
6/25 10:00 ET Consumer Confidence
6/25 12:00 ET Goon Cook
6/25 1:30 ET Comex option expirations
6/26 10:00 ET New home sales
6/27 8:30 ET Q1 GDP final guess
6/27 8:30 ET Durable Goods
6/28 8:30 ET PCE and Core PCE
6/28 8:30 ET Personal Inc and Spend
6/28 9:45 ET Chicago PMI
6/28 10:00 ET UMich final
6/28 12:00 ET Goon Bowman again

randomness