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Rate hike likely in June with oil, the dollar, and inflation playing their role

​ The long Easter holiday weekend is a good time to reflect and ponder about the prospects for higher interest rates, world events, and a few other forgotten matters. It appears that Chair Yellen has a “mini revolt” on her hands as St. Louis Fed President Bullard, Atlanta Fed President Lockhart, and Richmond Fed President Lacker are publicly suggesting that another U.S. rate hike “may not be far off” and could happen as early as the April 26-27 FOMC meeting. (Lockhart and Lacker are not voting members this year but can voice their opinions.) The bond market thinks otherwise as does the majority of the other 17 policy makers who firmly believe that two more hikes are expected in 2016, with th

US Department of Defense Contracts Press Operations Release No: CR-046-16

Evistacom LLC,* Atlanta, Georgia, was awarded a $90,000,000 firm-fixed-price contract to provide the capability to decisively establish the identity of adversaries and effectively link that identity to other information for Department of Defense, Coalition and regional partners. One bid was solicited with one received, with an estimated completion date of March 10, 2021. Funding and work location will be determined with each order. Army Contracting Command, Research Triangle Park, North Carolina, is the contracting activity (W911NF-16-D-0032). http://www.defense.gov/News/Contracts/Contract-View/Article/691728

Bonds rise on rosy economic news but Fed rate and global concerns will drive sentiment

Bond yields rose again this past week, mostly in response to better-than-expected economic news and positive gains in the stock market. Both the Dow and S&P were up over 2.2% for the week, oil was back above $36 per barrel, and the employment report was very good. Job growth for the month of February was a solid 242,000 new hires and both of the previous two months were revised upward by almost 30,000. The Labor Department said the unemployment rate remained at 4.9% while the participation rate was up .2% to 62.9%. However, many economists think the real employment situation is not so rosy. They continue to point to the labor participation rate, which measures the portion of eligible America

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