Fed hikes could happen as soon as June despite faltering earnings

Russia’s credit rating was cut to junk by Standard and Poor’s Rating Services, as “Russia’s monetary policy flexibility has become more limited and its economic growth prospects have weakened.” But ratings agencies themselves have been struggling with their own conflicts. Erin weighs in. Tim Duy, professor of economics at the University of Oregon, tells us if he’s seeing a Fed rate hike soon and gives us his take on how what’s happening in Greece affects ECB monetary policy. David Merkel, president of Aleph Investments, talks about Apple’s most profitable quarter in history and if he thinks the Fed will raise its policy rate this year. And in The Big Deal, Erin and Edward Harrison take a look at the biggest headlines from this week including Alibaba, Valero, Shell, and Phillips earnings, Greece and Russia.

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