U.S. Rate Futures Increase Odds of December Fed Hike After Strong Jobs Report
The U.S. jobs report for May showed a stronger-than-expected increase in nonfarm payrolls, lifting the probability that the Federal Reserve will raise interest rates at its December meeting to 68.4%. The data has reduced hopes for rate cuts and suggests the Fed may remain on hold until addressing inflation concerns.
Topics: Federal Reserve Inflation Interest Rates Jobs Report