The world’s largest economy is expected to add another 150K jobs in May and a positive development may fuel a sharp rally in the U.S. dollar as it dampens expectations for another large-scale asset purchase program. As the recovery gets on a more sustainable path, we should see the Federal Reserve continue to soften its dovish tone for monetary policy, and the central bank may sound more hawkish in the second-half of the year amid the stickiness in underlying inflation. However, as Fed Chairman Ben Bernanke keeps the door open to expand the balance sheet further, we may see a growing rift within the FOMC, and the ... (full story)