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International Business Times
International Business Times
Business

The Jobs Report Surprised To The Downside. Bets That The Fed Won't Hike Rates In September Are Up

US Federal Reserve Jobs Report Interest Rates the Federal Reserve
Traders increased their bets that the Fed won't hike interest rates in September following a weak jobs report. (Credit: AFP)

Traders increased their bets that the Federal Reserve won't hike interest rates in September following a weak jobs report.

According to the CME Group's FedWatch gauge of futures prices, odds of a hike fell to 44% from 58.3%. Stocks climbed and Treasury yields after the report.

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