U.S. short-term interest-rate futures contracts rose Friday after a government report showed U.S. employers added more jobs than expected last month, but wage growth lagged.
The contracts now show that traders see a 55 percent chance that the first Fed rate hike will come in September 2015, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts.
Before the report, traders saw a 59 percent chance of a September 2015 rate hike.
The Fed has kept short-term rates near zero since December 2008.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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