Traders keep bets on Fed rate hikes after jobs report

(Reuters) – U.S. short-term interest rate futures rose slightly on Friday after a government report showed employers added 261,000 jobs last month, fewer than expected. Still, traders kept bets the Fed would raise rates one more time this year, and once next year.

Before the report, traders saw a nearly 90 percent chance of a December rate hike; a few minutes after the report’s release that likelihood was little changed, based on a Reuters analysis of Fed funds futures traded at CME Group Inc’s (O:) Chicago Board of Trade. Traders also continued to see about a 60 percent chance of a further rate hike in June.

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