(Reuters) - Traders of futures tied to the Federal Reserve's policy rate trimmed bets Friday that the U.S. central bank will soon slow its aggressive interest-rate hikes after a government report showed U.S. employers added more jobs than expected in November
Fed funds futures prices still implied a better-than-even chance that the Fed will raise its policy rate just 50 basis points to a 4.25%-4.5% range in mid-December, a step down from four straight previous 75-basis point rate hike.
Before the Labor Department report, which showed employers added 263,000 jobs last month, traders had priced in a 77% chance of smaller rate hike.
(Reporting by Ann Saphir; Editing by Alexander Smith)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 0.6531 USD | +0.52% | +1.44% | - | ||
| 0.012 USD | +0.05% | 0.00% | - | ||
| 0.7315 USD | +0.26% | +0.76% | - | ||
| 0.5963 USD | +0.46% | +0.85% | - | ||
| 1.072 USD | +0.18% | +0.50% | - | ||
| 1.251 USD | +0.41% | +0.47% | - | ||
