September 1, 2017 / 12:47 PM / a year ago

Traders see Fed waiting until mid-2018 for next rate hike

Sept 1 (Reuters) - U.S. short-term interest rate futures rose slightly on Friday, reflecting the expectation that the Federal Reserve will not raise interest rates before mid-2018, after a government report showed job growth last month slowed.

Traders continue to see the Fed as likely to wait until at least next June to next raise interest rates, based on a Reuters analysis of Fed funds futures traded at CME Group Inc’s Chicago Board of Trade. Before the report, traders saw about a 41 percent chance of a March rate hike and a 50 percent chance of a June rate hike; those probabilities were little changed immediately after the jobs figures were released. (Reporting by Ann Saphir; Editing by Chizu Nomiyama)

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