Fed Poised to Raise Rates Once Again

With Fed Funds futures now predicting an 83% chance of a rate hike in June, stock traders may want to start fastening their seat belts.  Despite the second quarter GDP numbers being substantially in doubt, the Fed and its Chief Janet Yellen seem determined to force rates higher.  This philosophy could reek havoc with the dollar and buoy gold.  With the precious metal in tight supply, such a tweak may be all it needs to make a move higher.  The Dow was up 70 points today.