NEW YORK, April 5 U.S. short-term interest rates
futures briefly pared earlier losses on Wednesday after the
release of the Federal Reserve's minutes from its March 14-15
policy meeting which showed most policymakers think the Fed
should take measures to reduce its $4.5 trillion bond holdings.
Federal funds futures for June delivery suggested
traders saw a 66 percent chance the U.S. central bank would
raise interest rates to 1.00-1.25 percent at its June 13-14
meeting, compared with 62 percent late on Tuesday, according to
CME Group's FedWatch program.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)