OK -- No one is really questioning what the Federal Open Market Committee will decide next week: The prices from options on federal funds futures still suggest another 25 basis point increase, with as near certainty as it gets.
But the last week's economic news took some of the sure-thing sheen off the sentiment for a repeat performance in May:
Not surprisingly, the June meeting still looks like crap shoot:
Now things are getting interesting.
The data:
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