Traders Pare Bets on Fed Rate Hike This Month to 1-in-4 on Jobs

September 2, 2016 1:51 PM

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Traders pared wagers on a Federal Reserve interest-rate hike this month after a report showed the U.S. added fewer jobs than forecast in August.

Futures prices indicated about a 28 percent chance of a rate hike this month, according to data compiled by Bloomberg, after a Labor Department report showed employers added 151,000 positions last month, versus a median forecast of 180,000 in a Bloomberg survey of economists. That’s down from a 36 p...

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