"Inflation near 5% is too high for the Fed to justify a pause in June, and the market is pricing that in. The latest market expectations see a 60% chance of a hike at the June 13-14 meeting, Gainesville Coins precious metals expert Everett Millman told Kitco News. "That is a big reversal from earlier estimates," he said." https://www.gold-eagle.com/us-economic-data-hammers-gold-price-markets-gear-for-rate-hike-june

a big reversal... but not for old cynics: #178041 ;)