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Need to Know: Rising rates and deficit spell big trouble for the U.S., warns bond king Gundlach

The Fed had better come up with something good today if it doesn’t want to be upstaged by a scroungy raccoon.

Quite a start to the half hour on CNN: “Why #MPRraccoon is the top trending topic on twitter … but first to the #TrumpKimSummit.”

— Kryssy Pease (@kryssypease) June 13, 2018

With a rate hike from the central bank all but baked in, the excitement may have to come from dot-plot projections or the Q&A session with Chairman Jerome Powell, which is tipped to be a doozy. Markets are happy to wait it out, still snoozing after proclamations of peace with North Korea failed to move the needle.

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