May 18, 2017 / 1:09 PM / 2 months ago

MONEY MARKETS-U.S. rates futures fall after jobless, Philly Fed data

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NEW YORK, May 18 (Reuters) - U.S. interest rates futures fell on Thursday following news of an unexpected drop in domestic filings for first-time jobless benefits last week and a surprise increase in a regional business gauge from the Philadelphia Federal Reserve.

Federal funds futures implied traders saw a 35 percent chance the Federal Reserve would raise key interest rates twice by year-end. This compared with about 33 percent before the release of the latest jobless claims and Philadelphia Fed data, Reuters data showed. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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