Traders keep bets on U.S. Fed’s 2019 interest rate rises

(Reuters) – Traders of U.S. short-term interest-rate futures on Friday kept bets on further gradual rate hikes by the Federal Reserve this year and next after a government report showed U.S. employers last month added fewer jobs than expected.

Contracts tied to the Fed’s policy rate that are traded at CME Group’s Chicago Board of Trade initially pared losses after the report, and then swung slightly downward again. The pricing continued to signal expectations for a Fed rate hike in December, and two further hikes in 2019.

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