Source: www.wnd.com - Friday, June 05, 2015 (CNBC) U.S. stocks traded narrowly mixed on Friday as investors eyed developments in Greece and weighed a bond yield rally on a strong jobs report, which supports the case for a rate hike this year. (Tweet This) In an early afternoon speech, New York Fed President William Dudley said the second quarter rebound is relatively muted but that a Federal Reserve interest rate hike seems appropriate later this year. He added that market turbulence is likely once a rate hike begins. “I think the data seals a September rate hike,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “I think the market is expecting a rate hike.”All Related | More on Greece
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