In April the Federal Reserve a unscheduled meeting and then requested a ‘secret’ meeting with the US President and the Vice President (picked up only as someone went through the US Presidential schedule).
Nobody knows what it is and what they discussed. But definitely is out of pattern.
Then in May the FED starts to jawboning the market into thinking there is a rate hike and that it does not exclude negative rates.
I do not know, but it could simply be that the Fed is running out of ammo for real or it has to do something that hurts the market to save the economy.
Weird anyway.
investorpolitico 