Reuters logo
MONEY MARKETS-Traders see further U.S. rate hikes after wage data
January 6, 2017 / 2:54 PM / a year ago

MONEY MARKETS-Traders see further U.S. rate hikes after wage data

NEW YORK, Jan 6 (Reuters) - Traders on Friday expected the Federal Reserve would raise U.S. interest rates further in 2017 following data that showed a pickup in wage growth in December, reinforcing the notion inflation is closing in on Fed’s 2-percent goal.

Interest rates futures implied traders expected a 67 percent chance the U.S. central bank would increase the target range on short-term borrowing costs to at least 0.75-1.00 percent at its June 13-14 policy meeting, compared with a 62 percent chance on Thursday, according to CME Group’s FedWatch program. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below