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International Business Times

Business

The Jobs Report Surprised To The Upside. Chances Of a Fed Rate Hike Edged Up.

Jobs Report CME Group ADP Nela Richardson

Chances of a rate hike now stand above 50%, according to a closely-monitored tool. (Credit: Getty Images)

Chances of a rate hike by the Federal Reserve edged up on Friday after the latest jobs report surprised to the upside.

According to the CME Group's Fed Watch tool, there is now a 52.6% chance of an increase, compared to 49.4% on Thursday. In contrast, chances that the central bank will keep rates unchanged now stand at 47.4%, compared to 50.6% yesterday. The scenario is still largely a toss-up.

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