 The June Fed funds futures contract implies a peak for rates at 5.06, which is significantly higher than the 4.94 level from the start of the week.The market is shifting towards the Fed rather than vice versa. Tomorrows non-farm payrolls report will be critical in that debate but for now the ADP and initial jobless claims data points to a continued robust hiring environment. Its tough to envision a significant retrenchment of the US consumer without pain in the jobs market.I... 