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International Business Times
International Business Times
Business

The Jobs Report Was Much Weaker Than Expected. Odds Of a Fed Hike Decreased Further.

US Federal Reserve Jobs Report Neel Kashkari United States
Odds of a Fed hike decreased further on Friday after a weak jobs report. (Credit: AFP)

Odds of a rate hike by the Federal Reserve decreased further on Friday after the jobs report was much weaker than expected.

Chances that the central bank will keep rates unchanged have climbed to 86.2%, compared to 75.6% on Thursday, according to the CME Group's FedWatch tool. They stood at 64.2% on Wednesday.

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