Posted 9:45 AM ET – The FOMC Minutes were a splash of cold water last week and it was a reminder that the Fed is more Hawkish. The average Fed official believes that there will be 3 Rate Hikes this year and many analysts are projecting 4 rate hikes. Bonds are reflecting that hawkish stance and key support at TLT $141.40 will be tested. The SPY is going to open below the low from last week and the second shoe is about to drop. Inflation is putting upward pressure on bond yields. Last week hourly wages increased .6% and that is …
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