Chris Rupkey June Quotations

While it sounds as if most members see that the series of rate hikes since June 2004 is close to the end, it's not over until the economy slows. The minutes are a little past their stale date. Commodity prices are soaring.

It's going to be volatile. The odds for a rate hike in June will go back and forth for the next couple of months.

It suggests that the industrial production setback reported for June is unlikely to last and that production geared up the very next month.