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Traders, eying jobs, keep bets on December Fed rate hike
July 7, 2017 / 12:45 PM / 3 months ago

Traders, eying jobs, keep bets on December Fed rate hike

The seal for the Board of Governors of the Federal Reserve System is displayed in Washington, U.S., June 14, 2017. REUTERS/Joshua Roberts

(Reuters) - U.S. short-term interest rate futures reflected continued bets on the Federal Reserve next raising interest rates in December after a U.S. government report showed employers added more jobs than expected in June but delivered only gradual wage increases.

Traders after the report stuck to the view of a better-than-even chance of a rate rise by the end of this year, based on fed funds futures traded at CME Group.

Reporting by Ann Saphir

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