Dec Fed hike odds approach 80% as job growth seen rising – BBG
|Bond markets are very optimistic of a Fed hike in Dec as economists expect the US jobs report will show enough improvement to justify such a hike, Bloomberg reports.
The CME Fed Watch tool revealed that the odds for a Dec Fed rate hike has increased to 78%, the highest level since March, from 69% at the end of last week.
According to a Bloomberg survey of economists, the employment report will show employers added 173,000 workers in October, versus 156,000 in September.
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